Which of the Following Statements Is (Are) True? I

question 79

Multiple Choice

Which of the following statements is (are) true? I. The crowding-out effect can be mitigated if the funds from deficit spending are used for public investment.
II) Much of the U.S. national debt is held by the foreign public and is owned by foreign banks, corporations, mutual funds, pension plans, and individuals.
III) It's always wise for a country to pay off its debt.

• A) I only
• B) I and II only
• C) II and III only
• D) I, II, and III only

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