Complete the following using the terms listed below:
-If the government spends more than it collects in taxes, then a(n) _____ occurs.
A) Consumer Price Index (CPI)
B) inflation
C) gross domestic product (GDP)
D) fiscal policy
E) monetary policy
F) equilibrium price
G) budget deficit
H) pure competition
I) supply
J) demand
K) productivity
L) recession
M) microeconomics
N) oligopoly
O) monopoly
Correct Answer:
Verified
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