Answer
Increased markedly
Work Step by Step
As the economy was experiencing a financial crisis and deep recession in 2008, the debt-to-GDP ratio in the United States increased markedly.
Principles of Macroeconomics 7th Edition
by Mankiw, N. Gregory
Published by
South-Western College
ISBN 10:
1-28516-591-8
ISBN 13:
978-1-28516-591-2
Chapter 13 - Saving, Investment, and the Financial System - Quick Check Multiple Choice - Page 279: 6
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