Why cana large public debt and implicit liabilities of the government be a cause for concern? 1

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Why cana large public debt and implicit liabilities of the government be a cause for concern?

1 Why is the cyclically adjusted budget balance a better measure of whether government policies are sustainable in the long run than the actual budget balance?

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Economics

ISBN: 9781319181949

5th Edition

Authors: Paul Krugman, Robin Wells

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