10 What is government spending on goods and Gervices in excess of net tax revenue called? budget deficit B) Monetizing the debt D) A budget surplus C) Pro-cyclical fiscal policy 11) All of the following, except one, are outlays categories in the federal government's budget plan Which is the exception? A) International debt charges. B) Transfers to persons. CDirect program spending 113 D) Spending grants to other levels of government. E) Public debt charges 12) Which of the following is true regarding autonomous spending? A) It is the level of spending when income is zero. B) It depends on the level of income. C) It can be negative. D) It falls as income rises. 13) What is the formula for the marginal leakage rate? 13) 12)