Federal debt causes a transfer of purchasing power from the private sector to the a. industrial sector. c. commercial sector. b. agricultural sector. d. public sector.

Federal debt causes a transfer of purchasing power from the private sector to the public sector.

A federal (or national debt) could also affect the economy through the distribution of income. It also leads the government to spend its taxpayer’s money in an unproductive manner.

in 32-page handwritten address, washington urged americans to avoid excessive political party spirit and geographical distinctions, in foreign affairs he warned against long-term alliances with other nations. the address was printed in philladelphia's american daily advertiser on september 19, 1796