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Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559 Exercise 50
Circle the letter that corresponds to the best answer. The most valid argument against the size of the national debt is that it _______.
A) will ruin the nation when we have to pay it back
B) is owed mainly to foreigners
C) leaves future generations less plant, equipment, and housing than would be left had there been a smaller debt
D) will bankrupt the nation because there is a limit as to how much we can borrow
A) will ruin the nation when we have to pay it back
B) is owed mainly to foreigners
C) leaves future generations less plant, equipment, and housing than would be left had there been a smaller debt
D) will bankrupt the nation because there is a limit as to how much we can borrow
Explanation
Verified
Verified
National debt is a burden on the future ...
Macroeconomics 11th Edition by Stephen Slavin
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