If revenues exceed outlays, the government's budget balance is ________, and the government has a budget ________.
A) negative; deficit
B) positive; surplus
C) positive; deficit
D) negative; surplus
E) zero; deficit
Correct Answer:
Verified
Q9: Which of the following would not increase
Q10: All of the following statements are true
Q11: The category of federal government revenues that
Q12: If outlays exceed revenues, the government's budget
Q13: Suppose the government starts with a debt
Q15: All of the following statements are true
Q16: Fiscal policy is
A)the use of the federal
Q17: Choose the statement that is incorrect.
A)The federal
Q18: The main components of government revenues are
A)transfer
Q19: Government debt is
A)equal to revenues minus outlays.
B)always
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