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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
12.  In which of the following cases does the size of the govern- ment’s debt and the size of the budget deficit indicate poten- tial problems for the  economy?
a. The government’s debt is relatively low, but the govern- ment is running a large budget deficit as it builds a high- speed rail system to connect the major cities of the nation.
b. The government’s debt is relatively high due to a recently ended deficit-financed war, but the government is now running only a small budget deficit.
c. The government’s debt is relatively low, but the govern- ment is running a budget deficit to finance the interest payments on the debt.
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