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vellojo vellojo
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7 years ago
Which of the following statements regarding the U.S government's budget surpluses and deficits is correct?
A) Budget deficits tend to shrink during periods of recession.
B) Since 1980, federal tax revenues have generally exceeded outlays.
C) During the 1980s large deficits arose from a combination of tax cuts and expenditure increases.
D) If tax revenues exceed outlays, the government has a budget deficit.
Textbook 
Foundations of Macroeconomics

Foundations of Macroeconomics


Edition: 8th
Authors:
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Studying economics @ Edinburgh U
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yaderayadera
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7 years ago
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vellojo Author
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7 years ago
I went through a flood of websites until I signed up here lol Glad I did
Studying economics @ Edinburgh U
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