Budget Deficits Almost Always

question 100

Multiple Choice

Budget deficits almost always:

• A)decrease with inflation and increase with deflation.
• B)increase when unemployment increases and fall when unemployment falls.
• C)decrease when unemployment increases and increase when unemployment falls.
• D)increase when the aggregate price level increases and fall when the aggregate price level falls.

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Definitions:

FAFSA

The Free Application for Federal Student Aid, a form completed by current and prospective college students in the United States to determine their eligibility for student financial aid.

Taxable Income

The amount of an individual's or organization's income used to determine how much tax is owed to the government, after deductions and exemptions.

Untaxed Income

Revenue that is not subject to taxation, either due to the nature of the income, exemption status, or evasion.

Assets

Resources or items of value owned by an individual or organization that have economic value or can provide future benefits.