Suppose total government spending is increased permanently by ten percent, with no change in tax rates. In the long run, the resulting deficit will disappear, ________

A) only if government spending is brought back down to the original level
B) if economic growth raises tax revenue by ten percent
C) if the government debt is sold to foreigners
D) unless the money is spent entirely on government consumption

B

Economics

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In the long-run the firm gets to choose which short-run curve it wants to use

a. True b. False Indicate whether the statement is true or false

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Which of the following made monopoly and restraints of trade criminal offenses against the federal government?

A. Celler-Kefauver Act of 1950. B. Wheeler-Lea Act of 1938. C. Clayton Act of 1914. D. Sherman Act of 1890.

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