A budget deficit is defined as:
A) a shortfall of revenues compared to expenditures.
B) a shortfall of expenditures compared to revenue.
C) accumulated deficits minus accumulated surpluses.
D) accumulated surpluses minus accumulated deficits.
Correct Answer:
Verified
Q2: Budget deficits contribute to higher debt.
Q3: Countries with larger debts in terms of
Q4: If Japan's debt level is much higher
Q5: In the short-run framework, budget deficits should:
A)never
Q6: Over the past five years, most countries'
Q8: Deficits may be desirable in the short
Q9: A budget surplus is defined as:
A)a shortfall
Q10: The real deficit is the nominal deficit
Q11: The portion of the budget deficit or
Q12: Economists believe that an increase in equilibrium
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