If the national debt rises to the debt ceiling and there is currently a budget ________, the Congress and the President must agree to ________ the debt ceiling or else the federal government will have insufficient funds to pay its bills and will be forced to shut down

a. surplus, lower
b. deficit, raise
c. surplus, lower
d. none of the above

b

Economics

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Fiscal policy tries to influence target variables by manipulating

A) money supply. B) interest rates. C) government expenditures. D) All of the above.

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What happens to an incumbent firm's demand curve in monopolistic competition as new firms enter?

A) It shifts right. B) It shifts left. C) It becomes horizontal. D) New entrants will not affect an incumbent firm's demand curve.

Economics