If No Foreign Residents Owned Any of the U

question 67

Multiple Choice

If no foreign residents owned any of the U.S. public debt, then it would be true that

• A)there would be no distributional consequences associates with he public debt.
• B)U.S. residents would essentially owe the public debt to themselves.
• C)there would be no interest payments on the public debt.
• D)the public debt would naturally disappear over time.

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Definitions:

Hippocampus

A part of the brain associated with memory formation, organization, and storage.

Basal Ganglia

A group of structures in the brain that help control movement, coordination, and learning.

Frontal Lobes

Portions of the brain located behind the forehead that are responsible for complex cognitive functions, including decision making, problem solving, and controlling behavior.

Decision Making

The cognitive process of choosing between different alternatives or options to reach a conclusion or solution.