When government spending exceeds tax revenues during a specific ...

[Mr3Hunna]

When government spending exceeds tax revenues during a specific time period, this is known as a
 
  A) government budget deficit.
  B) government budget surplus.
  C) balanced budget.
  D) public debt.

Question 2

When households hold money for unplanned expenditures and emergencies, it is called
 
  A) the speculative demand for money.
  B) the transactions demand for money.
  C) the irrational demand for money.
  D) the precautionary demand for money.

[aliotak]

Answer to Question 1

A

Answer to Question 2

D