Suppose the government runs a budget surplus in a given year. It can reduce its overall federal debt by
A) not buying anything on credit.
B) buying back bond it sold to the public.
C) forcing a change in net exports.
D) increasing taxes on luxury items.
Correct Answer:
Verified
Q61: During a recession, tax revenues _ while
Q63: A federal budget _ occurs when the
Q64: Automatic stabilizers
A) minimize fluctuations in the economy.
B)
Q65: The relationship between tax rates and tax
Q67: Suppose an economy has a balanced federal
Q68: When the economy slows down and national
Q69: The Laffer curve illustrates that
A) high tax
Q76: The government strives to operate at neither
Q78: A federal budget _ occurs when the
Q79: Suppose initially the federal budget is balanced.
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents