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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 the 1980s, Most of the National Debt Was
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Until the 1980s, Most of the National Debt Was

Question 148

Question 148

Multiple Choice

Until the 1980s, most of the national debt was


A) owned by foreigners.
B) acquired either during wars, especially World War II, or during recessions.
C) owned by banks.
D) financed by printing money.

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