content area Part 1 Suppose the federal government wishes to purchase goods and services valued at $200 billion today and finances these expenditures by raising taxes. According to some economists, this will lead to a lower a higher level of national consumption and a lower a higher level of national savings than if the expenditure had been financed by selling bonds left parenthesis borrowing right parenthesis. Part 2 If the economy is operating at full employment and the federal government increases its borrowing, Part 3 A. the tax burden on future generations will be lessened. B. aggregate expenditures and real GDP will rise more rapidly. C. taxes will be raised immediately. D. investment will be crowded out