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) Current spending may benefit future generations.
Correct Answer:

Verified
Correct Answer:
Verified
Q4: Part of the argument against deficits is
Q5: If tax rates are raised to avoid
Q6: Suppose that the country of Aquilonia has
Q7: Which of the programs below would transfer
Q8: Government deficits mean that<br>A)national saving is negative
Q11: Suppose that the country of Aquilonia has
Q13: Which of the following reduces the potential
Q14: Last year a country's real GDP grew
Q15: At the end of 2011 the U.S.government
Q147: Which of the following would transfer wealth