What are the factors that will determine the size of some future required tax increase to pay off all debt?
What will be an ideal response?
The factors will include: the size of the debt at that time, how long it will take to pay off the debt, and the interest rate on the existing debt.
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If an economy is represented by a point inside its production possibilities curve
A) it cannot produce more of one product unless it stops producing the other product entirely. B) it cannot possibly produce more of one product, even if it produces less of another product. C) it can produce more of one product only if it produces less of another product. D) it can produce more of one product even if it does not produce less of another product.
Fill in the blank: Your authors claim ________ has been the rule rather than the exception through almost all of human history
A) price stability B) poverty C) disinflation D) wealth