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    Economics Today Study Set 1
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    Exam 14: Deficit Spending and the Public Debt
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    When Government Spending Is Less Than the Tax Revenues During
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When Government Spending Is Less Than the Tax Revenues During

Question 142

Question 142

Multiple Choice

When government spending is less than the tax revenues during a specific time period, this is known as a


A) government budget deficit.
B) government budget surplus.
C) balanced budget.
D) public debt.

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