In the Long Run,large and Continuing Budget Surpluses

question 55

Multiple Choice

In the long run,large and continuing budget surpluses

• A) mean higher taxes and a lower standard of living
• B) mean a larger money supply and higher interest rates
• C) are a problem because they crowd out private spending
• D) permit the government to lower taxes,thereby encouraging work,investment,and saving
• E) mean a larger money supply and lower interest rates

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Definitions:

Growing Season

The period of the year when the weather and temperature allow for plant growth.

Temperate Deciduous Forest

A forest biome that occurs in temperate areas where annual precipitation ranges from about 75 cm to 125 cm.

Tropical Rain Forest

A dense, warm, biodiverse forest biome located near the equator with high annual rainfall.

Thermocline

A marked and abrupt temperature transition in temperate lakes between warm surface water and cold deeper water. See thermal stratification.