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ECO 372 Week 4 knowledge Check

For more course tutorials visit www.eco372.com 1.In the long-run framework, budget surpluses 2. The budget deficit or surplus is 3.Deficits and surpluses are best viewed as 4.Suppose the government increases spending by $30 billion and raises taxes at by $20 billion at the same time. Then, 5 Because automatic stabilizers lower transfer payments and raise tax receipts as an economy recovers from a recession, they 6.Most of the government budget is mandatory spending through programs like Medicare and Social Security, and much of the rest is politically difficult to alter. Because of this,

For more course tutorials visit
www.eco372.com

1.In the long-run framework, budget surpluses
2. The budget deficit or surplus is
3.Deficits and surpluses are best viewed as
4.Suppose the government increases spending by $30 billion and raises taxes at by $20 billion at the same time. Then,
5 Because automatic stabilizers lower transfer payments and raise tax receipts as an economy recovers from a recession, they
6.Most of the government budget is mandatory spending through programs like Medicare and Social Security, and much of the rest is politically difficult to alter. Because of this,

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1.In the long-run framework, budget surpluses<br />

2. The budget deficit or surplus is<br />

3.Deficits and surpluses are best viewed as<br />

4.Suppose the government increases spending by $30 billion and raises taxes at by $20 billion at<br />

the same time. Then,<br />

5 Because automatic stabilizers lower transfer payments and raise tax receipts as an economy<br />

recovers from a recession, they<br />

6.Most of the government budget is mandatory spending through programs like Medicare and<br />

Social Security, and much of the rest is politically difficult to alter. Because of this,

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