Those who oppose a Constitutional amendment to require a balanced federal budget would make which of the following arguments: Deficits are bad...

Those who oppose a Constitutional amendment to require a balanced federal budget would make which of the following arguments:

       a.  Deficits are bad because they can cause crowding out

       b.  Such an amendment could force the government to undertake

            policies that would increase a recessionary gap

       c.  Deficits can cause inflation by increasing aggregate demand

       d.  Budget deficits can cause an increase in the trade deficit by appreciating the dollar