When tax revenues equal government outlays, the situation is referred to as
A) an equivalent budget.
B) a balanced budget.
C) an equal budget.
D) a legal budget.
E) an equilibrium budget.
B
You might also like to view...
The purpose of commodity buffer stocks is
(a) to moderate price fluctuations. (b) to raise commodity prices. (c) to encourage commodity substitution. (d) to guarantee national security.
The formula for optimal employment of two resources, x and y, is
a. MPx - MPy b. MRPx = MRPy c. MPx ? Px = MPy ? Py d. MRCx = MRCy e. MRPx/MRCx = MRPy/MRCy = 1
Holding a currency to the gold standard works:
A. to the advantage of savers at the expense of borrowers. B. to the advantage of borrowers at the expense of savers. C. for no one, and hurts both savers and borrowers from access to money. D. for everyone, benefiting both savers and borrowers.
When income taxes are included in the basic macroeconomic model, the value of the
A. inflationary effect is increased. B. multiplier is increased. C. multiplier is decreased. D. expenditure function is increased.