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Author Question: When government spending exceeds tax revenues during a specific time period, this is known as a ... (Read 96 times)

Mr3Hunna

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on: Jun 29, 2018
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

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

D


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