Multiple Choice
Under a balanced budget policy, a sharp rise in GDP will cause
A) no serious budget changes.
B) a tax cut or an increase in expenditures.
C) a tax increase or expenditure cut.
D) tax receipts to exceed government expenditures.
Correct Answer:
Verified
Correct Answer:
Verified
Q48: National debt is also known as<br>A)private debt.<br>B)public
Q49: Figure 32-2<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8592/.jpg" alt="Figure 32-2
Q50: Crowding out can best be defined as<br>A)private
Q51: Which of the following is not true
Q52: If you wanted to measure changes in
Q54: Figure 32-3<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8592/.jpg" alt="Figure 32-3
Q55: Debt is to deficit as<br>A)money is to
Q56: If the U.S.government decides to eliminate a
Q57: The central bank is said to monetize
Q58: Structural budget surplus is the hypothetical surplus