Question
Choose the term that best matches each of the following descriptions: a ) select answer ~ The ratio of outstanding government debt to GDP .
Choose the term that best matches each of the following descriptions:
a select answer
~ The ratio of outstanding government debt to GDP
bselect answer
cselect answer
~ Revenues are greater than expenditures.
~ Changes in net tax rates and government expenditure intended to offset persistent autonomous expenditure shocks and stabilize aggregate expenditure and output.
dselect answer
e select answer
Revenues are equal to expenditures.
~ Planned government spending and revenue.
f select answer
g select answer
~ The government budget balance at potential output.
The relationship between the budget balance and the level of national income for a specific budget program.
h select answer
The outstanding stock of government bonds issued to finance government budget deficits.
i select answer
Government use of taxes and spending to affect equilibrium GDP
j select answer
~ Government spending on currently produced goods and services.
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