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In Any Year in Which the Federal Government Spends More

Question 54

Multiple Choice

In any year in which the federal government spends more than it takes in, _____.


A) the resulting deficit adds to the national debt
B) Congress raises taxes and issues zero-interest government bonds
C) U.S. law removes the ceiling on the size of the national debt
D) executives are allowed to exceed the debt ceiling
E) the debt ceiling is modified at a later date to match the excess expenditure

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