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Why do economists generally agree that high budget deficits today will reduce the growth rate of the economy in the future? A. Budget deficits today
Why do economists generally agree that high budget deficits today will reduce the growth rate of the economy in the future? A. Budget deficits today represent higher consumption today and the reduction of investment in capital goods which are used to produce output in the future. B. Budget deficits today simply represent the amount of consumption goods being consumed today and not overall output. C. Spending from budget deficits could be utilized for investment goods and not just for consumption. D. All of the above
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