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The debt ceiling refers to Select one: a. the point at which debt becomes so high that the government can become bankrupt. b. the maximum
The debt ceiling refers to
Select one:
a.
the point at which debt becomes so high that the government can become bankrupt.
b.
the maximum legal amount for given year's fiscal deficit.
c.
the maximum amount of debt that can be accumulated without going back to Congress to ap-prove a new level.
d.
the amount of debt at which government spending cuts and tax increases automatically occur.
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