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
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