Take the following as truth: To avoid the substantial volatility in the implied interest rate after 2005 as a result of declining debt, interest rates are held constant at 5.4 percent-the average interest rate assumed by CBO on short- and long-term Treasury securities-from 2005 through the end of the simulation period.
Then the following statement: "The debt increased sharply." is true, false, or inconclusive?
Answer: False