Which of the Following Is Not True with Regard to the Burden

question 51

Multiple Choice

Which of the following is not true with regard to the burden of the U.S.national debt?

• A)The debt does burden future generations to the extent that it is sold to foreigners.
• B)Budget deficits are not appropriate for stabilization purposes under any circumstances.
• C)The debt will reduce the nation's capital stock if incurred during a fully employed economy.
• D)The large deficits of the 1980s and early 2000 were particularly worrisome because they were not attributable to recessions.

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Definitions:

The Federalist

Collection of eighty-five essays that appeared in the New York press in 1787–1788 in support of the Constitution; written by Alexander Hamilton, James Madison, and John Jay and published under the pseudonym “Publius.”

Popular Self-Government

A system in which the general public has the power to govern themselves, usually through elected representatives.

Central Authority

The governing body or entity at the highest level of an organization or state, with overarching control or direction.

Small Communities

Groups of people living in a defined geographic area, typically characterized by a sense of intimacy, shared values, and mutual support among members.