The large budget deficits of 2001-2011 were
A) financed entirely through borrowing from domestic sources.
B) accompanied by a rapid increase in private investment,which will enhance the welfare of future generations of Americans.
C) accompanied by an increase in consumption as a share of GDP,which indicates the current generation of Americans is gaining at the expense of future generations.
D) accompanied by large trade surpluses,which will enhance the welfare of future generations of Americans.
Correct Answer:
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