Question:

The larger the amount of outstanding public debt ______.?

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The larger the amount of outstanding public debt ______.

the lower the tax revenue the government would be required to collect

the lower the spending the government would be able to afford

the smaller the crowding out of private investment spending

the larger the fraction of the federal budget deficit that must be devoted to interest payments

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  1. the larger the fraction of the federal budget deficit that must be devoted to interest payments

    more debt=more interest

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