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Answer to Question #247669 in Macroeconomics for lavhe
Question #247669
If government spending is higher than current government revenue, this is known as...
- A. the public debt.
- B. the budget deficit.
- C. good fiscal management.
- D. money financing.
- E. a deficit on the current account of the balance of payments.
Expert's answer
- B. the budget deficit.
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