Which of the following is considered a legitimate concern of a large public debt?
A) bankruptcy of the federal government
B) crowding out of private investment
C) burdening future generations
D) collapse of the ﬁnancial system

Question

Quizplus · Accepted Answer

A large public debt can lead to higher interest rates, which may crowd out private investment by making borrowing more expensive for businesses and individuals.

Which of the Following Is Considered a Legitimate Concern of a Large