Take the following as truth: Interest spending is determined by interest rates-which are held constant over the long-term-and the level of federal debt held by the public, which depends on the path of budget deficits/surpluses within each simulation.
Then the following statement: "Interest spending determines interest rates which are variable over time and are not impacted by budget deficits and surpluses." is true, false, or inconclusive?
Answer: False