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Statement I: the Federal Budget Deficit Is the Same Thing

question 139

Multiple Choice

Statement I: The federal budget deficit is the same thing as the national debt.
Statement II: The national debt will continue to rise even if the federal budget deficit is lowered.


Definitions:

Domestic Demand

The total demand for goods and services within a country.

Supply Curves

Graphs showing the relationship between the price of a good and the quantity of that good a supplier is willing to offer for sale, holding all else constant.

World Price

The international market price of a good or service, influenced by global supply and demand.

Domestic Demand

The aggregate need for products and services inside a nation.

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