Economists Who Claim That a Stable or Falling Debt- To-

Economists who claim that a stable or falling debt- to- GDP ratio is the best indicator of fiscal prudence support the view that

A) for many economies, the public debt can safely be allowed to grow at a rate up to the growth rate of real GDP.
B) budget deficits can grow at every phase of the business cycle.
C) the Bank of Canada must maintain the interest rate above the rate of growth on real GDP.
D) the public debt must be paid off at a rate equal to the interest rate times the growth rate on real GDP.
E) surpluses must be run only at the recessionary phase of the business cycle.