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sdas [7]
3 years ago
14

The government buys new weapons systems. the manufacturers of weapons pay their employees. the employees spend this money on goo

ds and services. the firms from which the employees buy the goods and services pay their employees. this sequence of events illustrates
Business
1 answer:
Assoli18 [71]3 years ago
7 0
It illustrates the business cycle, I think.
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higher debt crowds out investment in capital goods and thereby reduces output relative to what would otherwise occur

<h3>What is debt ?</h3>

Debt is an obligation that forces one party, the debtor, to pay another party, the creditor, money or other agreed-upon value. Debt is a delayed payment or series of payments that differs from an immediate purchase.

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