When an outcome is ________, social surplus is ________

How does a government budget deficit occur?

A) A government's tax revenues exceed its spending. B) If a nation carries a public debt, it must be running a deficit every year. C) A government's spending exceeds its tax revenues. D) A nation earns more on exports than it spends on imports.

The amount of assets that a bank must hold at all times is determined by the

a. banks' actual reserves b. legal reserve requirement c. actual reserve requirement d. fractional reserve requirement e. excess reserve requirement