A Federal Budget Deficit

question 88

Multiple Choice

A federal budget deficit

• A) occurs when government expenditures exceed tax revenues.
• B) occurs when tax revenues exceed government expenditures.
• C) occurs when transfer payments exceed tax revenues.
• D) will always result when Congress and the president cannot agree on expenditures.
• E) occurs when monetary policy works in the opposite direction of fiscal policy.

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Definitions:

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Tory

Historically, a term used to describe a member or supporter of the Conservative Party in the United Kingdom.

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A deep emotional, sexual, and affectional attraction that is often the foundation of intimate relationships.

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Egalitarianism is a school of thought that emphasizes equality for all people, advocating for equal rights, opportunities, and treatment across gender, race, economic status, and more.