Which of the following statements is correct?
A) as long as the government debt grows faster than the economy's income, government deficits can grow forever
B) as long as the government debt grows more slowly than the economy's income, government deficits can grow forever
C) as long as the government debt grows more slowly than the economy's income, government deficits cannot grow forever
D) none of the above
Correct Answer:
Verified
Q28: Advocates of governments' balanced budgets, believe that
Q29: Which of the following is not part
Q30: Inflation is often deemed as the necessary
Q31: Citing an example, explain why the Reserve
Q32: Proponents of the balanced government budget argue
Q34: Discuss why policymakers should not try to
Q35: What are the costs of inflation for
Q36: Explain the benefits of having the two
Q37: Discuss some of the problems associated with
Q38: Proponents of the monetary policy rule argue
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