Question: ___________________ occur when politicians commit to making a series of future expenditures without simultaneously committing to collect enough tax revenues to pay for those expenditures.

___________________ occur when politicians commit to making a series of future expenditures without simultaneously committing to collect enough tax revenues to pay for those expenditures.

a. Budget deficits

b. Debt Crises

c. Loan guarantees

d. Unfunded liabilities

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