When the government's outlays equal its tax revenues, then the budget
A) is legal only because expenditures equal tax revenues.
B) is in surplus.
C) could be either in surplus or deficit.
D) is in deficit.
E) is balanced.
Correct Answer:
Verified
Q106: Q107: Q108: If government expenditure on goods and services Q109: Automatic stabilizers include Q110: To eliminate an inflationary gap using fiscal Q112: If a change in the tax laws Q113: Induced taxes are defined as taxes Q114: If the federal government has a budget Q115: Automatic stabilizers Q116: An economic expansion leads to--------------------needs-tested spending and--------------------
A)changes in the federal funds
A)that are
A)have no effect on the magnitude
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