When Budget Deficits During Recessions Are Covered by Budget Surpluses

question 120

Multiple Choice

When budget deficits during recessions are covered by budget surpluses during expansions,it is called:

• A)an annually balanced budget.
• B)a cyclically balanced budget.
• C)crowding out.
• D)crowding in.
• E)a biennial balanced budget.

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Definitions:

Endocrine Gland

Glands in the body that secrete hormones directly into the bloodstream to regulate various functions.

Hormones

Chemical messengers produced by the endocrine glands that regulate the activity of certain cells or organs, essential for every activity of daily living, including the processes of digestion, metabolism, growth, reproduction, and mood control.

Posterior Pituitary Gland

A gland located at the base of the brain that releases hormones like oxytocin and vasopressin, which are produced in the hypothalamus.

Hormones

Regulatory substances produced in organisms to stimulate specific cells or tissues into action.