Which of the following is true if all the national debt were owned internally?
a. The federal government would not need to refinance the national debt.
b. The federal government would not need to worry about raising taxes to pay interest on the national debt.
c. We would still be concerned about the effect on the distribution of income from interest payments on the national debt.
d. All of these are true.
c
You might also like to view...
People who want to work but have stopped looking for work because they could not find jobs after actively searching are called
A) empowered. B) employed. C) discouraged workers. D) unemployed.
Of the three big questions, what, how, and for whom, which of the fol-lowing is an example of a how question?
A. Why do doctors and lawyers earn high incomes? B. Why don't we produce more small cars and fewer gas guzzlers? C. Why do we use machines rather than migrant workers to pick grapes? D. Why do college football coaches earn more than professors?