Economics · Macroeconomics
What is the economic situation called when a country or individual is forced to take new loans merely to pay the interest on existing loans?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Stagflation
- 2Fiscal Deficit
- 3Debt Trap✓
- 4Liquidity Trap
Correct answer
Debt Trap
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