the South African government can fund its deficits without the economy experiencing rising general prices, then we can say that:   a. the budget has balanced

Brief Principles of Macroeconomics (MindTap Course List)
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ISBN:9781337091985
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter18: Six Debates Over Macroeconomic Policy
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If the South African government can fund its deficits without the economy experiencing rising general prices, then we can say that:

 

a. the budget has balanced

 

b. public expenditure is of a long term nature

 

c. the public debt is sustainable.

 

d. the public debt is not sustainable.

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