Illustrate what problems might it face in the future

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Economists have argued that rent control is "the best way to destroy a city, other than bombing." Why would economists say this?

Assume that a country 's real growth is 2 percent per year, while its real deficit is rising 5 percent a year. Can the country continue to afford such deficit indefinitely? What problems might it face in the future

Reference no: EM1353949

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