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    Economics Principles and Policy Study Set 2
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    Exam 32: Budget Deficits in the Short and Long Run
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    Until About 1983, Almost All of U
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Until About 1983, Almost All of U

Question 46

Question 46

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Until about 1983, almost all of U.S.national debt stemmed from financing wars or from the loss of tax revenues that accompany recessions.

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