1. 5. The chapter is very clear that it’s dangerous to assume that “government debt is never a concern.” Which of the following are reasons articulated in the chapter for why debt can be a concern?

a. Foreign holders of government debt may decide to sell their bonds.

b. A larger share of future budgets must be devoted to interest payments.

c. It is always unwise for governments to get into debt.

d. Interest payments to high-income individuals could exacerbate income inequality.

e. Deficit spending during a recession will only make the economic downturn worse.