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Forward-Looking Parents Can Reverse the Adverse Effects of Government Debt

question 114

True/False

Forward-looking parents can reverse the adverse effects of government debt by saving more and leaving a larger bequest to their children.


Definitions:

Express Ratification

The explicit approval or confirmation of an act or agreement, usually after the fact, making it officially valid.

Mental Illness

A broad range of mental health conditions that affect mood, thinking, and behavior, often requiring medical diagnosis and treatment.

Legal Capacity

The ability of an individual or entity to enter into legally binding contracts and be sued or sue others.

Discharged

The completion, termination, or fulfillment of an obligation, debt, or contract.

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