Answered step by step
Verified Expert Solution
Question
1 Approved Answer
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
The answer is in this article. I cannot find it
https://search-proquest-com.ezproxy1.lib.asu.edu/docview/2218931640/fulltextPDF/B7032CC9F7B84211PQ/2?accountid=4485
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started