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Explain clearly 15. Suppose that the government balances its overall deficit every period. Further suppose that the nominal GDP growth raie is positive. The government

Explain clearly

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15. Suppose that the government balances its overall deficit every period. Further suppose that the nominal GDP growth raie is positive. The government currently has a positive amount of debt. Which of the following statements is (are) true? I. The national debt will stay constant forever. II. The debt-to-GDP ratio will stay constant forever. Answer: a) None of the above. b) I only. c) II only. d) Both I and

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