Asked by
Nabila Devanaarati
on Nov 11, 2024
Verified
A federal budget deficit occurs when:
A) there is deflation.
B) federal government purchases exceed net taxes.
C) there is inflation.
D) aggregate demand is greater than aggregate supply.
E) aggregate supply is greater than aggregate demand.
Federal Budget Deficit
The shortfall when a government's expenditures exceed its revenues within a fiscal year.
Net Taxes
The difference between the total taxes paid to the government and the total transfers received, reflecting the actual fiscal contribution of an entity.
- Identify the influence of fiscal policy on job creation, inflation rates, and Gross Domestic Product.
Verified Answer
KM
Learning Objectives
- Identify the influence of fiscal policy on job creation, inflation rates, and Gross Domestic Product.