Plz do it quickly fast answer Which of the following statements areTRUE?(a) In a situation of a sovereign debtcrisis Keynesian macroeconomicpolicy is unavailable because thegovernment is practically unable toborrow.(b) Balancing the nationalgovernment budget each year issound macroeconomic policy(c) It is possible and preferable tobalance the national governmentbudget over the business cycle.(d) The national debt always impliesmortgaging our children's future andthus government should seek toretire as much of this debt aspossible.(e) The part of the national debt thatis owed to other parts of the nationalgovernment should not be countedas a problem since it involves thegovernment owing money to itself.

We know that The total of all obligations incurred by a nation's government is referred to as its…

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Economics: Private and Public Choice (MindTap Course List)

16th Edition

ISBN:9781305506725

Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Chapter12: Fiscal Policy, Incentives, And Secondary Effects

Section: Chapter Questions

Problem 13CQ

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Question

Plz do it quickly fast answer

Which of the following statements are
TRUE?
(a) In a situation of a sovereign debt
crisis Keynesian macroeconomic
policy is unavailable because the
government is practically unable to
borrow.
(b) Balancing the national
government budget each year is
sound macroeconomic policy
(c) It is possible and preferable to
balance the national government
budget over the business cycle.
(d) The national debt always implies
mortgaging our children's future and
thus government should seek to
retire as much of this debt as
possible.
(e) The part of the national debt that
is owed to other parts of the national
government should not be counted
as a problem since it involves the
government owing money to itself.

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