Identify Key Assumptions in Economic Argument

In a recent academic conference, a group of economists presented findings suggesting that reducing the national debt will lead to an increase in overall economic growth. They argued that with reduced debt, the government could lower taxes, leading to higher consumer spending. However, some critics argue that the impact of national debt on economic growth is overstated. These critics claim that many other factors, such as consumer confidence and global market conditions, also play crucial roles in determining economic growth.

Based on the economists' argument, which of the following is an assumption that underlies their conclusion about the national debt and economic growth?