A budget deficit is the:
A) amount of money a government spends beyond the net revenue it brings in.
B) amount of net revenue a government brings in beyond what it spends.
C) total amount of money that a government owes.
D) total amount of money that a government spends for discretionary policies.
Correct Answer:
Verified
Q91: Two main reasons that the deficit may
Q92: An example of an automatic stabilizer is:
A)
Q93: When economists express the deficit, they generally
Q94: Ricardian equivalence predicts:
A) that if governments cut
Q95: If Ricardian equivalence holds, one way to
Q97: The idea that if governments cut taxes
Q98: Since 1940 the US Government has generally
Q99: When the U.S. economy hits a recession,
Q100: In a booming economy, discretionary fiscal policy:
A)
Q101: Economists usually suggest that the best way
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