In the year ________, for the first time in 30 years, the federal government ran a surplus.
A) 1980
B) 1985
C) 1990
D) 1998
Correct Answer:
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Q14: The government debt is defined as
A) the
Q15: The sum of all budget deficits and
Q16: Transfer payments include
A) Social Security.
B) dividends.
C) consumption
Q17: Suppose the government's initial debt is $350
Q18: If government spending is $6.2 trillion while
Q20: Suppose the government's initial debt is $350
Q21: Suppose the government has a $440 billion
Q22: During recessions, unemployment _ while the budget
Q23: Automatic stabilizers were clearly in evidence during
Q24: If the Federal Reserve purchases newly issued
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