The federal government decides to pay for the transition to private social security accounts with a one time $1 trillion bond issue.What will be the biggest concern to businesses relative to the "crowding out" effect?

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With the government issuing a $1 trillion bond, it will increase the demand for credit, which will lead to higher interest rates. This crowding out effect will make it harder and more expensive for businesses to borrow, which can affect their ability to invest and expand. Higher interest rates can also have a ripple effect on the economy and cause a decrease in consumer spending.

The Federal Government Decides to Pay for the Transition to Private