When government spending exceeds government revenues during a given period of time
A) the national debt must be decreasing. B) a budget surplus exists.
C) Congress is obliged to raise taxes. D) a budget deficit exists.
D
Economics
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How does the government carry out income redistribution?
What will be an ideal response?
Economics
Refer to the following graphs to answer the question below.
Select the graph that best shows the changes in demand and supply in the beef market if a new diet fad favoring beef consumption becomes hugely popular, while cattle producers see steeply rising costs of cattle feed.
A. graph (1) B. graph (2) C. graph (3) D. graph (4)
Economics