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What effects does government borrowing and deficits have on the distribution of income and well-being? In your answer discuss the intergenerational effects of deficits and

What effects does government borrowing and deficits have on the distribution of income and well-being? In your answer discuss the intergenerational effects of deficits and the impact of deficits on saving, investment, interest rates, and economic growth. In your opinion, what do you think is the upper limit on Canadian government debt? State any assumptions or conditions you make.

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