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Two main macroeconomic impacts of a large government debt are a. future increase in distortive taxes and a reduction of government spending b. crowding-out of

Two main macroeconomic impacts of a large government debt are

a. future increase in distortive taxes and a reduction of government spending

b. crowding-out of private investment and reduction of government spending

c. lower economic growth and a decrease in public investment

d. lower interest rates and a decrease in public investment

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