Multiple Choice
Which of the following is not correct?
A) A potential cost of deficits is that they reduce national saving, thereby reducing growth of the capital stock and output growth.
B) Deficits give people the opportunity to consume at the expense of their children, but they do not require them to do so.
C) The U.S.debt per-person is large compared with average lifetime income.
D) In 2005, the U.S.government had a deficit.
Correct Answer:
Verified
Correct Answer:
Verified
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