If government spending is 6.2 trillion while government revenue is 6.2 trillion, the government is said to have a
A) balanced debt. B) balanced budget. C) budget surplus. D) budget deficit.
Question 2
The tax multiplier is negative because
A) tax rates are inversely related to tax revenues.
B) taxes always have a negative impact on the economy.
C) increases in taxes decrease disposable personal income and lead to a reduction in consumption spending.
D) increases in consumption spending have a negative impact on tax revenues.
Primates exhibit prolonged life histories, spending more time in each stage of life than most other
The world has been horrified recently at a U.S. Congress so polarized and paralyzed that it cannot p
The world attempted to deal with Somalia as if it were a real country but painfully learned that Som
In the summer of 1793, a yellow fever epidemic struck Philadelphia, killing nearly 4,000. Tens of th
American Government: Roots and Reform, 2009 Edition
The constitutional division of Powers Between the National Government and the States