Multiple Choice
The budget of an economy is said to be in deficit when:
A) federal outlays exceed revenues.
B) federal revenues exceed outlays.
C) anticipated inflation rate exceeds its actual rate.
D) there is a loss of value of a country's currency with respect to one or more foreign reference currencies.
E) anticipated interest rate exceeds its actual rate.
Correct Answer:
Verified
Correct Answer:
Verified
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