A Deficit Will Burden Future Generations

question 182

Multiple Choice

A deficit will burden future generations

• A)because the obligation to pay it off must be faced sooner or later.
• B)if it produces higher interest rates when the economy is near full employment.
• C)because future generations will have to pay taxes to fund the interest payments to Americans who hold the debt.
• D)All of the above are correct.

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Definitions:

Fair Labor Standards Act

U.S. legislation that establishes minimum wage, overtime pay eligibility, and child labor standards.

Department of Labor

A federal agency responsible for ensuring safe working conditions, fair pay, and employment opportunities, as well as enforcing labor laws.

Family and Medical Leave Act

A U.S. law that allows eligible employees to take unpaid, job-protected leave for specified family and medical reasons, with continuation of group health insurance coverage.

Serious Health Condition

A medical condition requiring inpatient care or continuing treatment by a healthcare provider, significantly impairing one's ability to conduct daily activities.