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If total U.S. debt is 16 trillion and an increase inflation causes yields on treasury securities to increase by 1 percentage point, by how much
If total U.S. debt is 16 trillion and an increase inflation causes yields on treasury securities to increase by 1 percentage point, by how much would the market value of the outstanding debt fall? What does that suggest about the incentives of government policy makers to pursue policies that could lead to higher inflation.
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