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Home Q & A Board Other Fields Homework Help Business Economics
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thanhha78 thanhha78
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7 years ago
Suppose an economy has a balanced federal budget, and a favorable supply shock hits the economy. Tax revenues will ________ and expenditures on transfer payments will ________, resulting in a budget ________.
A) fall; fall; deficit
B) increase; increase; surplus
C) fall; increase; deficit
D) increase; fall; surplus
Textbook 
Survey of Economics: Principles, Applications and Tools

Survey of Economics: Principles, Applications and Tools


Edition: 6th
Authors:
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Lightman030Lightman030
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7 years ago
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thanhha78 Author
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7 years ago
Good timing, thanks!
Morgan-C
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Yesterday
Thanks
annabananerz
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2 hours ago
This helped my grade so much Perfect
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