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Author Question: When government spending exceeds government revenues during a given period of time A) the ... (Read 87 times)

asd123

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on: Jun 30, 2018
When government spending exceeds government revenues during a given period of time
 
  A) the national debt must be decreasing. B) a budget surplus exists.
  C) Congress is obliged to raise taxes. D) a budget deficit exists.

Question 2

Assuming all else equal, if the production technology available to a nation improves, its aggregate production function:
 
  A) shifts inward. B) becomes vertical.
  C) shifts upward. D) becomes horizontal.


cswans24

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Reply #1 on: Jun 30, 2018
Answer to Question 1

D

Answer to Question 2

C


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