Which of the Following Is a Problem of Growing Concern

question 79

Multiple Choice

Which of the following is a problem of growing concern with respect to the U.S.national debt?

• A)that an increasing share of the debt is owed to foreign banks and governments
• B)that there are too few people working to continue to fund the level of debt
• C)that the U.S.Congress is now constitutionally forbidden from "floating" debt
• D)that too much debt will cause the economy to overheat and increase unemployment levels

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Definitions:

Inverse Demand Function

A mathematical representation showing how price adjusts based on the quantity demanded by consumers.

Tax Imposed

A compulsory financial charge or levy placed by a governmental organization on individuals, entities, or transactions.

Grapefruit

A large, round, citrus fruit with a more bitter taste than oranges, often segmented and used in cooking or eaten fresh.

Civic Authorities

Government officials or bodies that are responsible for the governance and administration of a specific geographical area, typically at the local level.