| After reading this chapter, you should know | |
| LO12-1 | The origins of cyclical and structural deficits. |
| LO12-2 | How the national debt has accumulated. |
| LO12-3 | How and when "crowding out" occurs. |
| LO12-4 | What the real burden of the national debt is. |
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| Deficits and Debt
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