Which of the following is not true with regard to the burden of the U.S. national debt?
A. The debt does burden future generations to the extent that it is sold to foreigners.
B. Budget deficits are not appropriate for stabilization purposes under any circumstances.
C. The debt will reduce the nation’s capital stock if incurred during a fully employed economy.
D. The large deficits of the 1980s and early 2000 were particularly worrisome because they were not attributable to recessions.
Answer: D
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a. True b. False Indicate whether the statement is true or false