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Bondholders or paying the pensions of its employees

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Reference no: EM132181265

1. If a country goes bankrupt and cannot pay its debts, which of its responsibilities should take precedence: paying bondholders or paying the pensions of its employees?

2. If the U.S. economy were to go into another financial crisis and additional monetary stimulus were needed to prevent a financial collapse, what measures would you suggest the government take?

Reference no: EM132181265

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