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Macroeconomics 2nd Edition by Campbell McConnell ,Stanley Brue,Sean Flynn
Edition 2ISBN: 978-0077416409Macroeconomics 2nd Edition by Campbell McConnell ,Stanley Brue,Sean Flynn
Edition 2ISBN: 978-0077416409 Exercise 2
Distinguish between the total U.S. debt and the debt held by the public. Why is the debt as a percentage of GDP more relevant than the total debt? Contrast the effects of paying off an internally held debt and paying off an externally held debt.
Explanation
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The U.S debt represents the total amount...
Macroeconomics 2nd Edition by Campbell McConnell ,Stanley Brue,Sean Flynn
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