The sum of all past federal deficits minus any surpluses is called the
A) transfer balance.
B) national deficit.
C) national debt.
D) national budget.
Correct Answer:
Verified
Q32: Suppose a country has a national debt
Q33: The national debt
A) is the sum of
Q34: Which of the following is an automatic
Q35: Which of the following statements is true
Q36: If the federal budget is initially balanced
Q38: Suppose a country has a national debt
Q39: The use of government expenditures and taxes
Q40: Personal income taxes and transfer payments
A) acts
Q41: Discretionary fiscal policy refers to
A) deliberate government
Q42: Changes in expenditures and taxes that occur
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