In General, the Relationship Between the Business Cycle and the Government

question 184

Multiple Choice

In general, the relationship between the business cycle and the government budget deficit is

• A) only now being studied by macroeconomics.
• B) not stable because the relationship depends on consumer confidence.
• C) for the deficit to fall when the economy is growing.
• D) non- existent because the deficit depends on the policy of the current administration toward taxation.

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Definitions:

Cash Sales

Transactions where payment is made in cash at the time of purchase.

Financial Accounting Reports

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