Sketch 3 different graphs that could fit with these three hypothetical descriptions of how the federal debt changes over a 5-year period.
For each graph, explain why its shape fits with the description. Your graph need not show specific values for the debt but be sure to indicate what each axis represents.
a. The debt shrinks, but it will shrink at a decreasing rate.
b. The debt shrinks at a steady rate.
c. The debt shrinks, and it will shrink at an increasing rate.
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