Author Question: When government spending exceeds tax revenues during a specific time period, this is known as a ... (Read 136 times)

Mr3Hunna

  • Hero Member
  • *****
  • Posts: 536
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

  • Sr. Member
  • ****
  • Posts: 326
Answer to Question 1

A

Answer to Question 2

D



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

The most dangerous mercury compound, dimethyl mercury, is so toxic that even a few microliters spilled on the skin can cause death. Mercury has been shown to accumulate in higher amounts in the following types of fish than other types: swordfish, shark, mackerel, tilefish, crab, and tuna.

Did you know?

Hypertension is a silent killer because it is deadly and has no significant early symptoms. The danger from hypertension is the extra load on the heart, which can lead to hypertensive heart disease and kidney damage. This occurs without any major symptoms until the high blood pressure becomes extreme. Regular blood pressure checks are an important method of catching hypertension before it can kill you.

Did you know?

The first oncogene was discovered in 1970 and was termed SRC (pronounced "SARK").

Did you know?

It is widely believed that giving a daily oral dose of aspirin to heart attack patients improves their chances of survival because the aspirin blocks the formation of new blood clots.

Did you know?

Not getting enough sleep can greatly weaken the immune system. Lack of sleep makes you more likely to catch a cold, or more difficult to fight off an infection.

For a complete list of videos, visit our video library