The federal budget deficit:
a. becomes less prominent during and after each recession
b. forces the government to issue Treasury bonds.
c. decreases the growth rate of the U.S. GDP.
d. is common when total federal revenue exceeds total federal outlay.
b
Economics
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A contingent contract can create production inefficiency; however, many principals accept this because
A) inefficiency is inevitable. B) monitoring is costless. C) risk is reduced. D) profit will increase as a result.
Economics
When politicians support policies that benefit small interest groups, such as farmers, at the expense of unorganized, widely dispersed groups, for example, taxpayers or consumers, this is a reflection of the
a. tragedy of interest. b. special-interest effect. c. unorganized interest effect. d. shortsightedness effect.
Economics