Examlex
Which of the following statements is TRUE?
Cyclically Balanced Budget
A budget philosophy calling for budget deficits during recessions to be financed by budget surpluses during expansions.
Business Cycle
The variation in economic performance experienced by an economy over time, characterized by periods of growth and decline.
Government Revenue
The income received by the government from taxes and non-tax sources like grants and profits from state-owned enterprises.
Tax Cut
A reduction in the amount of taxes imposed by a government on its citizens, often aimed at stimulating economic growth.
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