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Three macroeconomic theories used to explain the overall pattern on rising government debt are a. tax smoothing, optimal fiscal rule, and inflation target b. tax

Three macroeconomic theories used to explain the overall pattern on rising government debt are

a. tax smoothing, optimal fiscal rule, and inflation target

b. tax smoothing, optimal fiscal rule, and political turnover

c. tax smoothing, safe asset provision, and dynamic efficiency

d. tax smoothing, inflation target, and dynamic efficiency

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