Assume the federal government runs huge budget deficits today to finance, say, Social Security, Medicare, and other

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Assume the federal government runs huge budget deficits today to finance, say, Social Security, Medicare, and other programs for the elderly, and finances these deficits by selling bonds, which raises interest rates. Because businesses often borrow money to invest, and interest is the cost of borrowing, these higher interest rates will reduce investment. Describe why this scenario is likely to be bad for the macroeconomy.
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