Suppose the economy is described by the following:

$C=50+0\mathrm{.}8(Y-T)$

$Ip=200$

$G=100$

$T=100$

The government is running a $$

$$ budget surplus

balanced budget

insufficient information to decide

budget deficit

Suppose the economy is described by the following:

$C=50+0\mathrm{.}8(Y-T)$

$Ip=200$

$G=100$

$T=100$

The government is running a $$

$$ budget surplus

balanced budget

insufficient information to decide

budget deficit

Suppose the economy is described by the following:

$C=50+0\mathrm{.}8(Y-T)$

$Ip=200$

$G=100$

$T=100$

The government is running a $$

$$ budget surplus

balanced budget

insufficient information to decide

budget deficit