When Government Runs a Budget Deficit, It Makes Up the Difference

question 34

Multiple Choice

When government runs a budget deficit, it makes up the difference by:

• A)issuing government bonds.
• B)paying down outstanding debt.
• C)increasing transfer payments.
• D)increasing public saving.

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Definitions:

Folkways

The general standards of behavior adhered to by a group.

Mores

Strict norms that control moral and ethical behavior.

Sanctions

Penalties or rewards for conduct concerning a social norm.

"As If"

Used in various contexts to indicate acting or thinking in a way that reflects an assumption or pretense, often associated with theoretical or hypothetical scenarios.