If we look at the federal government budget over the past 40 years we see that
A) only occasionally has the budget been in deficit.
B) the government has been running a budget deficit since 1997.
C) most years the government budget has been balanced.
D) most years the budget balance has not been calculated.
E) most years the budget has been in deficit.
Correct Answer:
Verified
Q123: Q124: Need-based spending -------------------- during an expansion and-------------------- Q125: Taxes that change with the level of Q126: A $100 million decrease in government expenditure Q127: If a tax cut increases people's labor Q128: When an economy faces an inflationary gap, Q130: If the nominal interest rate is 10 Q131: Ignoring any supply-side effects, if government expenditure Q132: The crowding out effect refers to the--------------------from--------------------in Q133: Suppose the economy is in an equilibrium
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