The federal government decides to pay for the transition to private social security accounts with a one-time
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Question:
The federal government decides to pay for the transition to private social security accounts with a one-time $1 trillion bond issue. What will be the biggest concern for businesses regarding the “crowding out” effect?
a. investment shortage due to new accounts
b. inflation resulting from more government purchases
c. Higher interest rates due to new government borrowing.
d. a negative supply shock
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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