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What is the opportunity cost of running a high deficit? How might this opportunity cost depend on the shape of the supply curve for loanable
What is the opportunity cost of running a high deficit? How might this opportunity cost depend on the shape of the supply curve for loanable funds? What does it tell you about the supply curve for loanable funds when interest rates remained low even while the United States went from a $200 billion surplus to a $1.5 trillion deficit over 15 years
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