According to the textbook, proponents of requiring the government to balance its budget make which of the following arguments?

a) When the government runs a budget deficit and borrows, increasing the national debt, it imposes a cost on future generations.

b) Budget deficits raise interest rates and reduce private investment and productivity growth.

c) While deficits are justified in some circumstances, the government too often spend money without increasing the taxes needed to pay for them.

d) All of the above

e) None of the above

Textbook: Cengage - Brief Principles of Macroeconomics 9th Edition by N. Gregory Mankiw

Give details answer with details explanation also includes conclusion.