The excess of the federal government's spending over its revenues is called the
A) surplus deficit.
B) budget deficit.
C) surplus effect.
D) budget surplus.
Correct Answer:
Verified
Q23: The government's decisions about spending and taxation
Q24: Government spending is funded by a system
Q25: A result of budget deficits is that
Q26: The total of all past government borrowing,minus
Q27: When the government competes with the private
Q29: Supply-side economics states that cutting taxes can
Q30: In the short term,a decrease in taxes
Q31: The short-term impact of government spending on
Q32: During a recession,the budget deficit generally increases
Q33: In 1955,the marginal tax rate for a
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