If the Government's Budget Is in Surplus Even When the Economy

question 209

Multiple Choice

If the government's budget is in surplus even when the economy is at full employment, the surplus is said to be

• A) persisting.
• B) cyclical.
• C) discretionary.
• D) structural.

---

Definitions:

Foreclosures

Legal process by which a lender takes control of a property due to failure of the borrower to meet the terms of the mortgage.

Virginia Plan

A proposal at the Constitutional Convention that called for a strong central government with a bicameral legislature dominated by the most populous states.

Edmund Randolph

An American attorney and politician who served as the first Attorney General of the United States and the seventh Governor of Virginia.

National Executive

The branch of government, or individuals within it, tasked with enforcing laws and managing the administration of a country.