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Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559 Exercise 5
Circle the letter that corresponds to the best answer. Each of the following is a reason why the deficit is bad except that ________.
A) this money might otherwise have gone to pay for other government services
B) like the national debt, we owe it to ourselves
C) we have become increasingly dependent on foreigners to finance it
D) it tends to raise interest rates
A) this money might otherwise have gone to pay for other government services
B) like the national debt, we owe it to ourselves
C) we have become increasingly dependent on foreigners to finance it
D) it tends to raise interest rates
Explanation
Verified
Verified
While it is true that the national debt ...
Macroeconomics 11th Edition by Stephen Slavin
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