When government outlays are less than tax revenues, the government has
A) an illegal budget because outlays must exceed tax revenues.
B) a budget surplus.
C) a budget with a negative debt.
D) a budget with a positive balance.
E) a budget deficit.
Correct Answer:
Verified
Q97: If the economy has a structural deficit
Q98: A decrease in taxes should be applied
Q99: Fiscal policies that move the economy toward
Q100: When the economy is in a recession,--------------------
Q101: Q103: The balanced budget multiplier is Q104: Which of the following is true? Q105: The government collects tax revenues of $100 Q106: Q107: Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
A)greater than zero
A)Discretionary fiscal
