A budget surplus is
A) An excess of government spending over government revenues in a given time period.
B) An excess of government revenues over government expenditures in a given time period.
C) Used only in time of war.
D) None of the choices are correct.
Correct Answer:
Verified
Q5: When there is excess aggregate demand,the appropriate
Q6: Which of the following policies will reduce
Q7: With greater deficit spending,ceteris paribus,
A)Aggregate spending should
Q8: In order to reduce the U.S.debt,
A)The government
Q9: If full-employment output exceeds equilibrium output,greater deficit
Q11: If full-employment income and equilibrium income are
Q12: Discretionary expenditures account for approximately
A)One-fifth of the
Q13: If the economy is in a recession,
A)It
Q14: Much of each year's federal budget is
Q15: Which of the following is an argument
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