Which of the following is not true with regard to government budget deficits?
A) Budget deficits reduce capital investment, future productivity and, therefore, future incomes.
B) Budget deficits place the burden of current spending on future taxpayers.
C) Budget deficits should be scrutinized because they are the only way to transfer wealth across generations of taxpayers.
D) Budget deficits reduce national saving.
Correct Answer:
Verified
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