Question
Due to the COVID-19 pandemic, the federal government has had to spend more than it has received in tax revenues. The Congressional Budget Office predicts
Due to the COVID-19 pandemic, the federal government has had to spend more than it has received in tax revenues. The Congressional Budget Office predicts this will lead to a raise in the ____________ for the fiscal year 2020.
| a. | National deficit | |
| b. | Disinflation | |
| c. | National debt | |
| d. | Deflation | |
| e. | Balance of payments deficit |
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Financial Management For Decision Makers
Authors: Peter Atrill
9th Edition
1292311436, 978-1292311432
