If the Federal Government Is Running a Budget Surplus

question 109

Multiple Choice

If the federal government is running a budget surplus,

• A) its expenditures must be greater than its revenues.
• B) the supply of money will decline.
• C) it will be able to reduce its outstanding debt.
• D) the U.S. Treasury will have to borrow additional funds in order to cover the surplus.

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Definitions:

Social Networks

The structures made up of individuals or organizations that are connected by one or more specific types of interdependency, such as friendship, kinship, common interest, financial exchange, dislikes, or relationships of beliefs.

Upward Mobility

The ability for individuals or groups to move to a higher social class or economic position.

Travers and Milgram

Researchers known for their social experiment in the 1960s which demonstrated the "small world phenomenon," illustrating how closely connected humans are through social networks.

Small World Problem

A concept in sociology that suggests most people are connected through a short chain of acquaintances, emphasizing the interconnectedness of social networks.