In Year X,the federal government's expenditures were $180 billion and its revenues were $200 billion.During this year:
A) public debt increased by $20 billion
B) there was a federal deficit of $20 billion
C) there was a federal surplus of $20 billion
D) the federal government was running a balanced budget
E) public debt equalled $20 billion
Correct Answer:
Verified
Q42: The drawbacks of fiscal policy include its:
A)potential
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Q47: Public debt charges:
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A)refers to the debts of
Q50: If government adhered strictly to an annually
Q51: Which of the following statements is not
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A)Say's Law is
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