Which one of the following statements about public debt is most accurate?

a. Because rich and poor people hold government bonds, they are equally affected by the debt.
b. Wealthy people are more likely to hold government bonds, and so they are less likely to be adversely affected by the debt
c. Wealthy people are less likely to hold government bonds, and so they are more likely to be adversely affected by the debt.
d. Poor people are more likely to hold government bonds, and so they are more likely to be adversely affected by the debt.
e. Poor people are less likely to hold government bonds, and so they are less likely to be adversely affected by the debt.


B

Economics

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