38) Thegovernment has a budget deficit if a) its total revenues are less than it

Question

38) Thegovernment has a budget deficit if a) its total revenues are less than its total expenditures. b) the money supply is less than total expenditures c) its total revenues are equal to its total expenditures. uee reterthanits total ependurs 39) Means (income) tested transfer payments typically a) b) c) d) fall during expansionary periods and rise during recessionary periods. do not change as the econom y expands and contracts duringthe business cycle. rise during expansionary periods. fall during recessions. 40) The federal government debt when the federal governm ent runs a surplus and when the federal government runs a deficit. a) decreases; increases b) decreases; decreases c) increases; decreases d) increases; increase

Explanation / Answer

38. A budget deficit occurs when the total income of the government ( Total Revenues) is less than its Expenditures.

OPTION A

39. OPTION A
40. Debt decreases when the fed government runs a surplus and increases when the federal government runs a deficit.

OPTION A

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