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Total credit market debt is the sum of debt securities (FRED code: ASTDSL) and loans (FRED code: ASTLL). Plot the ratio of total credit market

Total credit market debt is the sum of debt securities (FRED code: ASTDSL) and loans (FRED code: ASTLL). Plot the ratio of total credit market debt owed to population (FRED code: POP). Interpret the plot. Hint: Because credit market debt is expressed in millions and population in thousands, multiply credit market debt by 1,000 to correct for the difference in units.

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