The U.S. debt problem could be solved, but each solution comes with unintended consequences. For example, if government prints more money this may cause __________. If government raises taxes this may cause ___________. If government cuts spending this may ____________. And if government borrows more and more money this may cause ___________. Hyperinflation; deflation and employment; cause default on the debt; a stronger U.S. dollar. A deflationary spiral; GDP to fall; a debt jubilee; the need for China/IMF to bailout the U.S. Currency collapse; inflation; hurt the wealthy; narrowing of Exter’s Pyramid and stability. An inflationary spiral; stagflation; hurt the elderly, disabled and the poor; a debt crisis.
The U.S. debt problem could be solved, but each solution comes with unintended consequences. For example, if government prints more money this may cause __________. If government raises taxes this may cause ___________. If government cuts spending this may ____________. And if government borrows more and more money this may cause ___________. Hyperinflation; deflation and employment; cause default on the debt; a stronger U.S. dollar. A deflationary spiral; GDP to fall; a debt jubilee; the need for China/IMF to bailout the U.S. Currency collapse; inflation; hurt the wealthy; narrowing of Exter’s Pyramid and stability. An inflationary spiral; stagflation; hurt the elderly, disabled and the poor; a debt crisis.
Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter18: Debates In Macroeconomics Over The Role And Effects Of Government
Section18.10: Demand-side And Supply Side Views Of The Economy And Government Tools For The Changing Real Gdp
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- The U.S. debt problem could be solved, but each solution comes with unintended consequences. For example, if government prints more money this may cause __________. If government raises taxes this may cause ___________. If government cuts spending this may ____________. And if government borrows more and more money this may cause ___________.
- Hyperinflation; deflation and employment; cause default on the debt; a stronger U.S. dollar.
- A deflationary spiral;
GDP to fall; a debt jubilee; the need for China/IMF to bailout the U.S. - Currency collapse; inflation; hurt the wealthy; narrowing of Exter’s Pyramid and stability.
- An inflationary spiral; stagflation; hurt the elderly, disabled and the poor; a debt crisis.
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