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Refer to the Diagram, in Which T Is Tax Revenues

Question 318

Multiple Choice

Refer to the diagram, in which T is tax revenues and G is government expenditures. All figures are in billions. The budget will entail a deficit A) at all levels of GDP. B) at any level of GDP above $400. C) at any level of GDP below $400. D) only when GDP is stable. Refer to the diagram, in which T is tax revenues and G is government expenditures. All figures are in billions. The budget will entail a deficit


A) at all levels of GDP.
B) at any level of GDP above $400.
C) at any level of GDP below $400.
D) only when GDP is stable.

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