Multiple Choice
Complete the following using the terms listed.
-If the government spends more than the amount of money it raises through taxes,then a(n) _____ occurs.
A) Consumer Price Index (CPI)
B) Inflation
C) Gross domestic product (GDP)
D) fiscal policy
E) monetary policy
F) equilibrium price
G) budget deficit
H) Pure competition
I) supply
J) Demand
K) Productivity
L) recession
M) microeconomics
N) oligopoly
O) monopoly
Correct Answer:

Verified
Correct Answer:
Verified
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