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C719
Module 9
Question | Answer |
---|---|
The budget deficit is a _________ concept. | Flow |
The national debt is a _________ concept. | Stock |
When government spending exceeds tax revenues. | Budget deficit |
When government spending is less than tax revenues. | Budget surplus |
Each year the national debt will increase by the amount of the... | Budget deficit |
During a recession, the budget deficit increases due to... | Automatic Stabilizers |
The national debt is less of a burden if it is owned mostly by... | Citizens |
The national debt is more of a burden if it is owned mostly by... | Foreigners |
Measure used to compare the national debt of two countries. | Debt-to-GDP ratio |
Keynesians believe the budget should be balanced over the... | Business cycle |