Which of the following is not associated with budget deficits?
A) When they accumulate, they tend to add to the public debt.
B) They result solely from revenue shortfalls.
C) When governments run them, they are said to be "in the red."
D) They result when governments are unable or unwilling to balance their budgets.

Question

Quizplus · Accepted Answer

Budget deficits can result from both revenue shortfalls and increases in spending, not solely from revenue shortfalls.

Which of the Following Is Not Associated with Budget Deficits