Which of the following is the definition of the government budget deficit??
A. The total of all past and future tax collections.
B. An excess of government spending over revenues during a given period of time
C. The total value of all outstanding government securities.
D. An excess of government revenues overspending during a given period of time.
Ans: B. An excess of government spending over revenues during a given period of time
You might also like to view...
The production possibilities frontier itself shows
A) the maximum amount of resources available at any given time. B) combinations of goods and services that do not fully use available resources. C) the maximum rate of growth of output possible for an economy. D) the maximum levels of production that can be attained.
When the marginal costs of firms in perfect competition increases, the short-run supply curve of the industry will shift to the left
a. True b. False Indicate whether the statement is true or false
The first step in enforcing any antitrust policy is to
A. win the support of the public. B. define the market. C. win congressional approval. D. win the approval of the state senators from the state where the company is headquartered.
The government uses ________ to regulate the amount of money banks lend.
A. monetary policy B. banking policy C. fiscal policy D. tax cuts