Multiple Choice
As you're checking out the online edition of your local newspaper, you quickly scan a report in the business section that says government spending will again exceed tax revenues in the current year. What does this mean for the economy?
A) The total national debt is likely to increase.
B) The national deficit is likely to decrease.
C) The rate of inflation is likely to fall.
D) The monetary policies pursued by the Fed need tightening.
Correct Answer:
Verified
Correct Answer:
Verified
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