The federal government
A) runs a deficit when tax revenues are greater than government purchases.
B) runs a surplus when tax revenues are smaller than government purchases.
C) runs a deficit when tax revenues are greater than government outlays.
D) runs a surplus when tax revenues are greater than government outlays.
E) runs a surplus when tax revenues are smaller than transfer payments..
Correct Answer:
Verified
Q47: In the long run,
A) fiscal policy has
Q48: An economic expansion causes
A) the federal budget
Q49: Which of the following cases represent the
Q50: The government can safely take on more
Q51: In the long run,
A) the government's tax
Q53: The national debt
A) will be zero when
Q54: The federal government
A) runs a deficit when
Q55: When positive spending shocks occur,transfer payments automatically
Q56: When negative spending shocks occur,transfer payments automatically
Q57: Which of the following is true?
A) As
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