When the government's outlays exceed its tax revenues, the national debt
A) shrinks thanks to the budget surplus.
B) grows to finance the budget deficit.
C) grows to finance the budget surplus.
D) shrinks thanks to the budget deficit.
E) does not change because it has nothing to do with government outlays and tax revenue.
B
Economics
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Provide an example of each allocation method that illustrates when it works well
What will be an ideal response?
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If a hurricane were to wipe out the majority of the eastern seaboard in the United States:
A. neither the short-run nor long-run aggregate supply curves would be affected. B. only the long-run aggregate supply curve would shift left. C. only the short-run aggregate supply curve would shift left. D. the long-run and short-run aggregate supply curves would both shift left.
Economics