Long-Run Consequences of Budget Deficits
Which of the following are potential long-run economic consequences of persistent budget deficits in the United States?
A
Improved international competitiveness through strategic deficit-financed initiatives
B
Increased national debt, potential crowding out of private investment, and reduced fiscal flexibility
C
Enhanced economic growth due to consistent government spending and investment
D
Stabilized interest rates and increased private sector confidence in government fiscal management
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