Many economists believe that the most harmful consequence of continuing to finance high budget deficits through borrowing is the upward pressure placed on interest rates.Explain this argument.(That is,explain why higher budget deficits may lead to higher interest rates and why this may be detrimental to the economy in the long run. )

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The Answer of Many economists believe that the most harmful consequence of continuing to finance high budget deficits through borrowing is the upward pressure placed on interest rates.Explain this argument.(That is,explain why higher budget deficits may lead to higher interest rates and why this may be detrimental to the economy in the long run. )

Many Economists Believe That the Most Harmful Consequence of Continuing