Which of the following is not t with regard to the burden of the U.S.national debt?
A) The debt does burden future generations to the extent that it is sold to foreigners.
B) Budget deficits are not appropriate for stabilization purposes under any circumstances.
C) The debt will reduce the nation's capital stock if incurred during a fully employed economy.
D) The large deficits of the 1980s and early 2000 were particularly worrisome because they were not attributable to recessions.
Correct Answer:
Verified
Q184: Higher interest rates and, therefore, a decrease
Q185: A deficit will burden future generations
A)because the
Q187: Proponents of deficit reduction argue that the
Q188: By 2007, the deficit
A)was out of control
Q191: In the short run, the dominant effect
Q194: Economists who argue in favor of rapid
Q196: A federal budget deficit places a genuine
Q206: What is "crowding out"? Why is it
Q212: Define the following terms and explain their
Q212: List three bogus arguments about the "burden
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