Which of the following is not one of the long-run, Ask an Expert

Economics

Which of the following is not one of the long-run consequences of large sustained budget deficits?

a. Private investment becomes crowded out

b. the value of a nation's currency increases, making it harder to sell exports to other nations

c. debt increases, and so does the percentage of GDP that has to be spent on interest payments

d. high rates of inflation as consumer lose confidence in a nation's currency

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91406324

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