Under a balanced budget policy, a sharp rise in GDP will cause
A. no serious budget changes.
B. a tax cut or an increase in expenditures.
C. a tax increase or expenditure cut.
D. tax receipts to exceed government expenditures.
Answer: B
Economics
You might also like to view...
If a used-car dealer enjoys economic profits, then
A) as a group, its customers necessarily suffered a like amount in economic losses. B) as a group, its customers were necessarily made worse off. C) as a group, its competitors necessarily suffered economic losses. D) all of the above are true. E) none of the above is true.
Economics
Refer to the graphs shown. The arrow that best captures the impact of a decline in price on quantity supplied is:
A. W. B. X. C. Y. D. Z.
Economics