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Principles of Economics 2e

2nd Edition
Steven A. Greenlaw; David Shapiro
ISBN: 9781947172364

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BuyFindarrow_forward

Principles of Economics 2e

2nd Edition
Steven A. Greenlaw; David Shapiro
ISBN: 9781947172364
Textbook Problem

Debt has a certain self-reinforcing quality to it. There is one category of government spending that automatically Increases along with the federal debt. What Is It?

To determine

The category of government spending that increases automatically with federal debt.

Explanation

Federal Spending involves spending towards national defense, social security, health care and interest payments. Federal debt is the term for borrowings by the federal government...

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