One of the greatest consequences of Reagan's expansion of the federal debt was

One of the greatest consequences of Reagan's expansion of the federal debt was



a. to make it harder to get private loans.
b. to make foreigners reluctant to accept American bonds.
c. to make new social spending practically and politically impossible.
d. to undermine the value of the dollar overseas.
e. to make further military spending impossible.


Answer: C


The Resurgence of Conservatism

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