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    Business
  3. Study Set
    Money Banking and Financial Markets
  4. Exam
    Exam 1: Why Study Money, banking, and Financial Markets
  5. Question
    A Budget ________ Occurs When Government Expenditures Exceed Tax Revenues
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A Budget ________ Occurs When Government Expenditures Exceed Tax Revenues

Question 21

Question 21

Multiple Choice

A budget ________ occurs when government expenditures exceed tax revenues for a particular time period.


A) deficit
B) surplus
C) surge
D) surfeit

Correct Answer:

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