Under which of the following circumstances would the government be running a deficit in a closed economy?
A) G = $5 trillion T = $5 trillion
TR = $1 trillion
B) G = $5 trillion T = $7 trillion
TR = $1 trillion
C) G = $7 trillion T = $7 trillion
TR = $0
D) G = $7 trillion T = $10 trillion
TR = $3 trillion
E) G = $5 trillion T = $13 trillion
TR = 3 trillion
Correct Answer:
Verified
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