If the federal budget is initially balanced and government expenditures remain constant, then an
Increase in GDP will _________ tax revenues and create a budget _________.
A) increase; surplus
B) increase; deficit
C) decrease; surplus
D) decrease; deficit
Correct Answer:
Verified
Q22: Suppose a country's debt rises by 6%
Q26: What is an automatic stabilizer?
A) It refers
Q27: Judged by international standards, the national debt
Q28: Suppose a country's debt rises by 6%
Q32: If the federal budget is initially balanced
Q33: The national debt
A) is the sum of
Q35: Suppose in the beginning of 2006, a
Q37: The sum of all past federal deficits
Q38: Generational accounting estimates for the United States
Q38: Suppose a country has a national debt
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