Do households make a distinction between spending for current expenses and spending for capital expenses? compare borrowing $5,000 to take a vacation in hawaii to borrowing $125,000 to buy a condominium and move out of your rented apartment.

Survey Of Economics
10th Edition
ISBN:9781337111522
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter17: Federal Deficits, Surpluses, And The National Debt
Section17.3: Why Worry Over The National Debt?
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Do households make a distinction between spending for current expenses and spending for capital expenses? compare borrowing $5,000 to take a vacation in hawaii to borrowing $125,000 to buy a condominium and move out of your rented apartment.

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