The national debt can only be reduced if
A) the federal budget is in deficit.
B) the federal budget is in surplus.
C) there are no tax multiplier effects.
D) the economy has a deflationary gap.
E) the economy has an inflationary gap.
Correct Answer:
Verified
Q30: When the government's outlays equal its tax
Q31: When the government's outlays exceed its tax
Q32: The magnitude of the tax multiplier is
Q33: If government expenditure on goods and services
Q34: If tax revenue is $230 billion and
Q36: The national debt is the amount
A)by which
Q37: If a change in the tax laws
Q38: If government expenditures on goods and services
Q39: Since 2000,the U.S.government has generally had a
Q40: The tax multiplier is the
A)magnification effect of
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