A budget deficit is the
A) annual excess of government spending over revenue raised by taxes,fees,and charges.
B) shortfall of Social Security collections toward payment of benefits.
C) amount by which tax revenues and borrowed funds fall short of government expenditures.
D) excess of tax revenues over expenditures.
E) amount by which tax revenues exceed borrowed funds.
Correct Answer:
Verified
Q181: If government adhered strictly to the idea
Q182: An advantage of automatic stabilizers is that
A)they
Q183: Statement I: By law,the federal government must
Q184: The multiplier effect occurs because
A)when national income
Q185: Discretionary fiscal policy entails
A)automatic changes in spending
Q187: Automatic stabilizers
A)are a form of nondiscretionary fiscal
Q188: Which of the following has the effect
Q189: If government spending equals tax revenue,the government
Q190: A recessionary gap can be closed by
Q191: As a result of the action of
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents