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    Macroeconomics Study Set 68
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    Exam 13: Fiscal Policy, Deficits, and Debt
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    A Large Public Debt Would Not Bankrupt the Federal Government
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A Large Public Debt Would Not Bankrupt the Federal Government

Question 386

Question 386

True/False

A large public debt would not bankrupt the federal government, because it can refinance the debt or
increase taxes to pay the debt.

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