Question
If taxes exceed total government spending(on goods and services and transfer payments),the government A has a balanced budget B runs a budget deficit C runs
If taxes exceed total government spending (on goods and services and transfer payments), the government
A has a balanced budget
B runs a budget deficit
C runs a budget surplus
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Macroeconomics
Authors: Andrew B. Abel, Ben S. Bernanke, Dean Croushore, Ronald D. Kneebone
6th Canadian Edition
321675606, 978-0321675606
