Tackle the Test: Multiple-Choice Questions

303

  1. Question

    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
    If government spending exceeds tax revenues, which of the following is necessarily true? There is a
  2. Question

    WbN4mWqAHd5B6WaFuyOv9zME03OJ50+371IXY0aX/Q31OmtLDzcwZ072rtQAVz2xJUQyBVHLg3Tih+uZo3JInDk2FALNxXjqaEkB4pmTfST3iHG/zaC2FR4nHl6GjsYc5twfRsuaURPHJLJHnR15nNzcMkNqNGXZ07FYs0IOxvelGCuK4hZ+wPvKucUdzEyN/YM9+mldAFzQiljwp+Gd3EiE1CXg1yIJ9zATmFiEha4v3o5AqB2YioJmVaCtX26UB3uZLZvFr/AsQ0Zaxs5K6nbywnXyd7c9dm77BrTDpRrgpyx+1RmSVnioQtISSfXUGBo7tVAhtIL5KuxVwenrZwSdl6ARL9VLjOMzio1NdDdGiKSJsPwmLExosWoYUBqANDmE9SOGzaYNlVMa48w42ZJ2/Tp5zyD8oGJUIntyTM47K9sFuLwa7yp/wn1RbwGqf0om4llJcUv1vUUARh3XmjGjLcuO+A+QvLNxB5yr+gAJejFah+b4HRZZD4wZHL8l6pfxsLCPxgq1lH0BgD5APaPy8eVakvN5Mwo5oVO/ULKuBCTznqMXWrN2ChNlcLrwF9Lt93S+cV4Zr7u+hjo8ztb1tIfv5sOfA6Q6ZufHp5zDU6PgKkH6OtvyNdTEXFpG4y0AciJkTj+HmV3abtdJMZTu/OkStLskRTk2iWjRTPL0ohK3oLbGB+Mqhiig+HM/iyMYx1O7qvInwBwi8kn1onblPEuWI1n0696x1IYjsfL1HvRBOX3lbsUtbF1ccDJ6glTqtbN8dDu1jC5HoBYoHYe69nbXNbVjQqJ8uo+4vUOTR19JtFV/PrB7/dFppmQOTpHYiEK/n/bONAcsuFGBiT5wiil6q7qfIa4ZIPWrMvFjWVtKE6pNZbUIsi/ZMPsdyf4m9rXGy8mchGGZFAHTvd3w7z3DS4WzKEPYR6mzXPq9KFuXZW4aHDqGoZKp1tgtRWeQwY133fz9DFbalS6o+HqlDaaMGDBWKVyih4v1gZ6zbirut05MVM+/Fj7DUGPQy6b7yUWcfxzNXNggCRzZNNMwWJjrlS1J1nYebQ4YhdTK4qgwIIdyON0HDXGrcMQhVNDfJUk2jnSUZX0TrSPf7+izG50lnxtMtC3vc56cPj+YU/9an1cJPNguhWrR7TmxHWQ/qp0Gu6DtjtGIWvj9La3AbeSj3yaicxLwQcEABuy/RYDXQL+in/WIXxHeNcj+89Afz1kcOVW3P2JZemYtgqZXdl/0sxqFcR0CmyWYxsIzN/jQmmyQ8ihoAarAVwd+ij3TWHp4nwLnQVAUdxqp5S5Uk/s3pRX8FN81kqZ8/LHVjQu7fQU57nFK6mJJSiy31RHJ6UvM0V15bSnVK5tOoae3+qACLZU/huQNeRmft53wdUKR9MdZCQ==
    Which of the following fiscal policies is expansionary?
  3. Question

    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
    The cyclically adjusted budget deficit is an estimate of what the budget balance would be if real GDP were
  4. Question

    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
    During a recession in the United States, what happens automatically to tax revenues and government spending?
  5. Question

    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
    Which of the following is a reason to be concerned about persistent budget deficits?