A government budget deficit occurs when government revenues exceed government expenditures.
Correct Answer:
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Q14: In the long-run framework, deficits reduce:
A)investment.
B)government consumption.
C)taxes.
D)subsidies.
Q15: A country that is running a budget
Q16: Much of the U.S. debt is held
Q17: Economists who focus on fiscal austerity focus
Q18: The larger the debt and the inflation
Q20: In several years, bondholders may lose confidence
Q21: If an economy operates below potential income,
Q22: When the government runs a deficit, it
Q23: A government can finance its budget deficit
Q24: The budget deficit or surplus is:
A)well defined
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