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If the government is running a deficit, and an increase in government spending is financed by higher taxes, __________. A. the government will have to
If the government is running a deficit, and an increase in government spending is financed by higher taxes, __________.
A. the government will have to print more money or government bonds
B. the government will borrow less than it would if taxes were unchanged
C. it is more inflationary than if it is financed with money creation
D. it will not be necessary for the government to borrow
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