Chronic budget deficits can lead to all of the following, except
A) overallocation of resources to the government sector, away from the private sector.
B) "smaller government" in the economy.
C) investors losing faith in the government's ability to repay its debts.
D) government being forced to make drastic cuts in its spending.
Correct Answer:
Verified
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Q172: During a period when output and employment
Q173: Many governments end up with chronic budget
Q174: The government's budget deficit refers to the
A)
Q175: Politicians who have to go through elections
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