One Consequence of Government Deficits Is

question 47

Multiple Choice

One consequence of government deficits is

• A) lower interest rates.
• B) lower taxes.
• C) reduced government borrowing.
• D) reduced consumer spending.
• E) redistribution of the tax burden from one group to another.

---

Definitions:

Remedies

Legal means through which a right is enforced or the violation of a right is prevented, redressed, or compensated.

Liquidated Damages

A provision in a contract that predetermines the amount of damages to be paid if a party breaches the agreement.

Contract Breach

The inability to fulfill a term of a contract, whether it's in written or oral form, without a valid legal justification.

Tort Law

Tort law governs legal actions for wrongs that cause harm or injury to individuals, allowing them to seek compensation.