According to the government budget constraint, any excess of public expenditures and transfers over taxes and user fees must be funded by

A) private borrowing.
B) government borrowing.
C) U.S. Treasury money creation.
D) Federal Reserve money creation.

B

Economics

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The current deficit minus net interest is called the

A) primary deficit. B) net current deficit. C) current surplus. D) primary current deficit.

Economics

Which of the following will not shift the demand curve for televisions?

a. An increase in the price of televisions. b. An increase in consumer income. c. An increase in the price of radios (a substitute). d. An increase in the price of cable service (a complement).

Economics