According to the Congressional Budget Office (CBO) federal debt that is high and rising as a percentage of GDP: O Increases federal and private borrowing costs and slows the growth of economic output Crowds out much of discretionary spending over time May increase the risk of a fiscal crisis and higher inflation as well as undermine confidence in the U.S. dollar O All of the above D. QUESTION 4 The Fed implements expansionary monetary policy by raising interest rates to reduce the money supply in the economy becaue higher interest rates mean that people with save more and borrow less True False