The idea that a large national debt is "mortgaging the future of our children and grandchildren" is misleading because:
A) it is the Federal Reserve that will be responsible for making interest payments on the debt.
B) future generations will have to bear the opportunity costs of the resources that are used today.
C) future generations will not be liable for the interest obligations of the national debt.
D) future generations will inherit the interest income as well as the interest obligations.
Correct Answer:
Verified
Q2: In recent years, net interest on the
Q4: The federal budget process begins when federal
Q5: The national debt is unlikely to cause
Q6: What is the difference between the federal
Q8: Currently, the national debt is approximately:
A) 10
Q9: Exhibit 23-1: Global Comparison of Government Surpluses
Q10: If the federal government runs a budget
Q11: How does inclusion of the current revenues
Q16: If the federal government runs a budget
Q24: Which of the following portions of the
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