Author Question: All of the following about the U.S. deficit is true EXCEPT a. Running a deficitbringing in less ... (Read 36 times)

student77 · **on:** Jul 8, 2018

All of the following about the U.S. deficit is true EXCEPT

a. Running a deficitbringing in less than is spentcan be beneficial in the short run as it allows the government to borrow money to help stimulate the economy.
b. Unlike the national government, most state governments do not have the ability to continually run a large annual deficit.
c. The size of the national debt could slow national economic growth because it diverts money that could be spend on private sector activities.
d. In 2014, the national government will spend about 230 billion in interest on a national debt that is about 17.5 trillion.
e. The term national debt refers to the gap between income and expenditures run by the federal government.

Question 2

The terms that project images of leadership in local government circles today include initiative, inventiveness, risk taking, high energy level, persistence, entrepreneurship, innovation, and vision.

a. True
b. False
Indicate whether the statement is true or false