When tax revenues exceed government spending for any year, there is for that year

a. a budget deficit
b. a budget surplus
c. a balanced budget
d. a positive tax multiplier
e. inflation

B

Economics

You might also like to view...

The percentage of U.S. families below the poverty line is approximately

a. 5 percent b. 10 percent c. 25 percent d. 45 percent e. 65 percent

Economics

The vertical part of the aggregate supply curve is the _____ range.

Fill in the blank(s) with the appropriate word(s).

Economics