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    Principles of Economics Study Set 12
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    Exam 26: Fiscal Policy
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    When Tax Revenues Are Equal to Spending, There Is a
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When Tax Revenues Are Equal to Spending, There Is a

Question 103

Question 103

Multiple Choice

When tax revenues are equal to spending, there is a


A) budget deficit.
B) government absorption.
C) budget surplus.
D) balanced budget.
E) budget supplement.

Correct Answer:

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