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Economics for Today 9th Edition by Irvin Tucker
Edition 9ISBN: 978-1305507111Economics for Today 9th Edition by Irvin Tucker
Edition 9ISBN: 978-1305507111 Exercise 30
The national debt is unlikely to cause national bankruptcy because the
A) national debt can be refinanced by issuing new bonds.
B) interest on the public debt equals GDP.
C) national debt cannot be shifted to future generations for repayment.
D) federal government cannot repudiate the outstanding national debt.
A) national debt can be refinanced by issuing new bonds.
B) interest on the public debt equals GDP.
C) national debt cannot be shifted to future generations for repayment.
D) federal government cannot repudiate the outstanding national debt.
Explanation
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Verified
National debt refers to the direct liabi...
Economics for Today 9th Edition by Irvin Tucker
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