Explain how, for a country with a high debt ratio, if the financial markets fear that the country will default on its debt this fear may be self-fulfilling
Explain how, for a country with a high debt ratio, if the financial markets fear that the country will default on its debt this fear may be self-fulfilling
Chapter13: Federal Deficits, Surpluses, And The National Debt
Section: Chapter Questions
Problem 17SQ
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Explain how, for a country with a high debt ratio, if the financial markets fear that the country will default on its debt this fear may be self-fulfilling
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