Which of the following is most likely to reduce a federal budget surplus?
A) A booming economy with rising inflation rates.
B) A recession.
C) Higher inflation and higher unemployment rates.
D) Lower inflation and lower unemployment rates.
Correct Answer:
Verified
Q32: Automatic stabilizers tend to stabilize the level
Q33: If the cyclical deficit shrank by $60
Q34: Fiscal restraint is
A)Tax hikes and/or spending cuts
Q35: Which of the following is most likely
Q36: If the budget deficit for each year
Q38: If the total budget deficit is $200
Q39: Suppose the economy is at a full-employment
Q40: All of the following contribute to greater
Q41: The debt would cease to grow if
A)The
Q42: If there was a federal budget surplus
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