Consider the Government's Intertemporal Budget Constraint

Multiple Choice

Consider the government's intertemporal budget constraint:
Term A is __________,and term B is __________.

A) the present value of government spending;the initial debt
B) the total annual spending;the deficit
C) the initial period's spending;the initial debt
D) the present value of government spending and taxes;the present value of government spending
E) None of the above is correct.