When negative spending shocks occur,transfer payments automatically fall.
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Q51: In the long run,
A) the government's tax
Q52: The federal government
A) runs a deficit when
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
Q57: Which of the following is true?
A) As
Q58: Before about 1975
A) any federal deficits were
Q59: To judge the size of government debts
Q60: In the long run,
A) an increase in
Q61: The formula for calculating the tax multiplier
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