How might paid off trade-off change if the overall size

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Reference no: EM131922984

Problem

When the federal government borrows money, it can fund higher expenditures in the short term, but incurs a debt that accrues interest and has to be paid off in the long term. What does this imply about the trade-off between current and future taxes? How might this trade-off change if the overall size of the economy grows over time?

Reference no: EM131922984

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