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In the face of unstable economic growth due to a recession or rapid inflation, the potential problems of high public debt include increased income inequality,
In the face of unstable economic growth due to a recession or rapid inflation, the potential problems of high public debt include increased income inequality, reduced economic incentives, and crowding out of private investment. 1. Based on the aggregate demand and supply model. What is fiscal policy and what is its role and its effects on short-term and long-term economic fluctuations
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