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The nation spent 91% more than it collected in revenue, creating a $3.1 trillion deficit in fiscal year 2020. The federal debt grew to $26.9
The nation spent 91% more than it collected in revenue, creating a $3.1 trillion deficit in fiscal year 2020. The federal debt grew to $26.9 trillion, $21 trillion of which is owed to the public. SourceLinks to an external site. Which of the following is not a consequence of deficit spending? Group of answer choices Inflation Debt service Higher US credit rating Higher interest rates
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