A federal budget ________ occurs when the government spends less than it collects in taxes.
A) surplus
B) deficit
C) equilibrium
D) floor
Correct Answer:
Verified
Q73: An increased federal budget deficit resulting from
Q74: Automatic stabilizers
A) require explicit actions by policy
Q75: Recall the Application about the relationship between
Q76: The government strives to operate at neither
Q77: Suppose the government runs a budget surplus
Q79: Suppose initially the federal budget is balanced.
Q80: According to supply-side economics, a(n)_ in the
Q81: The federal income tax on wages is
Q82: Social insurance taxes are paid by corporations
Q83: Fiscal actions to eliminate a recession are
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