Question

If a country implements a countercyclical fiscal​ policy, the budget deficit is likely to rise during a recession. If the government borrows money to pay its​ bills, ▼ current future taxpayers are implicitly responsible for paying back the​ government's debts.

Answer 1

If the government borrows money to pay its​ bills, future taxpayers are implicitly responsible for paying back the​ government's debts.

Step-by-step explanation:

Governments and households function in similar ways, if you want to purchase something and currently do not have the money, you will borrow it from a bank or use your credit card. Countries do not have credit cards but they issue securities.

In the same way that you pay your credit card bills in the future (using future income), a country will use future tax revenue (from future taxpayers) to pay for the securities that they issued.