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The Rate of Growth in the Debt to Nominal GDP

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The rate of growth in the Debt to nominal GDP ratio depends on the growth rate in Debt, real GDP, and the price level. Why would one say that inflation is similar to a tax when the government runs a positive public debt?


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A term used to describe a marriage with a lack of cohesion, satisfaction, and security, often leading to conflicts, separations, or divorce.

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The inability to react successfully and adaptively to the demands of one's environment.

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