The issuance of new debt in payment of previously issued debt is called refinancing.
Correct Answer:
Verified
Q127: Eventually,external debt must be repaid with the
Q128: The national debt is a stock of
Q129: The opportunity cost of the debt is
Q130: The risk of crowding out is greater
Q131: If the government uses a budget surplus
Q133: Rising interest rates can cause crowding out,but
Q134: By using restrictive fiscal policy during the
Q135: When deficits are run continuously with a
Q136: The true burden of the internal debt
Q137: The ratio of the debt to GDP
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents