The national debt is also known as
For unlimited access to Homework Help, a Homework+ subscription is required.
If the federal government were to run a budget deficit, this would:
a. reduce the size of the national debt.b. leave the size of the national debt unchanged.c. increase the national debt only if the government also expands the supply of money.d. increase the size of the national debt.
The national debt is unlikely to cause national bankruptcy because:
A. New bonds can refinance the national debt
B. interest on national debt is high
C. future generation cannot refinace national debt
D. federal government cannot refinance national debt