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    Macroeconomics Study Set 27
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    Exam 13: Fiscal Policy Appendix Taxes and the Multiplier
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    The National Debt
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The National Debt

Question 69

Question 69

Multiple Choice

The national debt:


A) is the sum of all past federal surpluses.
B) grows when the government runs a deficit.
C) grows when the government runs a surplus.
D) did not exist until 1998.

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