The Argument That the National Debt Imposes a Burden on Future

question 82

Multiple Choice

The argument that the national debt imposes a burden on future generations becomes more compelling as

• A)the percentage of the national debt held by foreigners rises.
• B)tax rates rise.
• C)interest rates fall.
• D)debt service payments (interest) rise.

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Definitions:

Unemployed

The condition of not having employment while being ready to work.

Mass Unemployment

A significant and widespread condition in which a large percentage of the eligible workforce is unable to find employment.

Deflation

An economic condition characterized by a decrease in the price levels of goods and services.

Investment

The action or process of allocating resources, usually money, with the expectation of generating an income or profit.