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Unformatted text preview: b. Identify each of the above terms as either a stock or flow. 3. Explain the difference between individuals debt and governments debt. Hint: The reading discusses three key things regarding this difference. 4. After answering these questions, how would you respond to the chapters opening quote from President Franklin D. Roosevelt? Any government, like any family, can for a year spend a little more than it earns. But you and I know that a continuance of that habit means the poorhouse....
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- Fall '07