There Is a Long-Term Burden of Government Debt in a Closed

question 12

Multiple Choice

There is a long-term burden of government debt in a closed economy when

• A)foreign owners of Canadian debt demand repayment.
• B)it is no longer possible to find individuals in the private sector willing to finance the debt.
• C)the burden of the debt is being borne by the current generation rather than future generations.
• D)present consumption and government expenditure are not reduced because of future crowding-out.
• E)the stock of physical productive capital is reduced because of crowding out.

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Get-rich-quick

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One-size-fits-all

A universal solution or policy that is applied in a wide variety of situations, disregarding individual needs or circumstances.

Open-system Perspective

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Multivariate Decision

A decision-making process that involves considering multiple variables or factors simultaneously to reach a conclusion or solution.