Principles of Economics, 7th Edition

Published by South-Western College
ISBN 10: 128516587X
ISBN 13: 978-1-28516-587-5

Chapter 36 - Part XIII - Six Debates over Macroeconomic Policy - Quick Check Multiple Choice - Page 816: 5

Answer

b. wars

Work Step by Step

War is the most common cause of substantial increases in government debt. It is necessary to borrow in order to increase government spending for war supplies and provisions rather than put a huge tax burden on the people.
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