Author Question: If the government's spending exactly equals its revenues during a budget year, that government is ... (Read 157 times)

ishan · **on:** Jun 29, 2018

If the government's spending exactly equals its revenues during a budget year, that government is

A) running a budget deficit.
B) experiencing a budget surplus.
C) balancing its budget.
D) paying off its public debt.

Question 2

The curve that represents all possible combinations of goods that can be produced is called

A) the production possibilities curve.
B) the resource allocation curve.
C) the efficiency curve.
D) the supply curve.