Match the gap in the sentence with the correct term from the provided list and in the right order: 1. The portion of the national debt owed to foreign citizens 2. A legislated legal limit on the national debt 3. Reduction in private-sector spending as a result of higher interest rates caused by U.S. Treasury borrowing (selling securities) to finance government deficits O External Debt; Debt Ceiling; Crowding-out effect. O Crowding-out effect; National Debt; Debt Reduction. O Internal Debt; Debt Ceiling; Crowding-in effect. O External Debt; Debt Floor; Crowding-out effect. Next > Previous