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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Definitions:

Endocrine Function

The activity of glands that secrete hormones directly into the bloodstream, regulating processes such as growth, metabolism, and mood.

Phagocytosis

A cellular process by which certain living cells called phagocytes ingest or engulf other cells or particles, often used by the immune system to remove pathogens and dead cells.

Mucous Membranes

The moist tissue layers that line various cavities in the body, such as the mouth, nose, and digestive tract, and secrete mucus.

Inflammation

A protective response involving immune cells, blood vessels, and molecular mediators aimed at eliminating the cause of cell injury.