When government outlays are less than tax revenues,the government has
A) a budget with a positive balance.
B) a budget deficit.
C) a budget surplus.
D) a budget with a negative debt.
E) an illegal budget because outlays must exceed tax revenues.
Correct Answer:
Verified
Q93: An example of automatic fiscal policy is
A)an
Q94: Automatic stabilizers
A)increase the magnitude of the government
Q95: Needs-tested spending is best described as
A)spending on
Q96: National debt decreases in a given year
Q97: During a recession,unemployment compensation payments increase without
Q99: Induced taxes are defined as taxes
A)we are
Q100: Needs-tested spending
A)is directing government spending and taxes
Q101: When the Fed raises the federal funds
Q102: If the Fed lowers the federal funds
Q103: Control of monetary policy rests with
A)Congress.
B)the President.
C)the
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