Which of the following statements about the U.S. national debt is not correct?

A. The national debt represents both a liability and asset to future generations.
B. The primary economic costs of the debt are being passed on to future generations.
C. The primary burden of the debt is incurred when the deficit-financed activity takes place.
D. Future generations will bear some of the debt burden when crowding out occurs.


Answer: B

Economics

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