If government purchases exceed tax revenue, there is a budget deficit.
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Q6: A policy of a tax cut combined
Q7: Supply-siders are generally critical of government intervention
Q8: Contractionary fiscal policy may have a larger
Q9: An investment tax credit, which would lower
Q10: Expansionary fiscal policy may have an even
Q12: Typically, the budget deficit is financed by
Q13: The larger the marginal propensity to consume,
Q14: When the economy is at the full
Q15: If the MPC is 2/3, then 2/3
Q16: If inflation is the most significant issue
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