If the federal government has a budget surplus in a given year, the U.S. debt will:

Federal Budget and Economics Flashcard

Flashcard
•
Business
•
12th Grade
•
Hard
Quizizz Content
FREE Resource
Student preview

60 questions
Show all answers
1.
FLASHCARD QUESTION
Front
Back
decrease.
2.
FLASHCARD QUESTION
Front
For fiscal years 2019, 2020, 2021 and 2024, the federal budget deficit was approximately (in trillions of dollars): $0.5, $1.0 $1.5, $0.5, $1.0, $3.1, $2.8, $4.0, $1.0, $3.1, $2.8 $1.8, $0.0, $2.0, $4.0, $1.0
Back
$1.0, $3.1, $2.8 $1.8
3.
FLASHCARD QUESTION
Front
When the U.S. Government runs a deficit, what must happen?
Back
The U.S. Treasury has to sell bonds to finance the deficit.
4.
FLASHCARD QUESTION
Front
Keynesian Economics: Suggests that deficit spending during a recession is a good thing. Appears to have provided “cover” for politicians to support deficit spending. Is likely a reason the U.S. Federal Government has incurred a budget deficit is the great majority of the past 40 years.
Back
All of the above are correct.
5.
FLASHCARD QUESTION
Front
For 2024, when the U.S. economy was at least at potential output, the actual U.S. government budget deficit was ________, the cyclical deficit was__________, and the structural deficit was_________.
Back
large; zero; equal to the actual.
6.
FLASHCARD QUESTION
Front
Compared to the period prior to 2008, since 2008 U.S. government budget
Back
deficits have been higher, particularly since 2019.
7.
FLASHCARD QUESTION
Front
U.S. government budget deficits: Likely decrease investment, Require the U.S. Treasury to sell bonds, Likely increase interest rates.
Back
All of the above are correct.
Create a free account and access millions of resources
Similar Resources on Wayground
52 questions
Government Unit 1

Flashcard
•
12th Grade
50 questions
FCLE Final Review

Flashcard
•
12th Grade
51 questions
Powers of Congress

Flashcard
•
12th Grade
50 questions
Foundations/Constitution Test

Flashcard
•
12th Grade
50 questions
GOV - FINAL PT1

Flashcard
•
12th Grade
53 questions
US STAAR Cumulative Review

Flashcard
•
11th Grade
55 questions
Three Branches of Government

Flashcard
•
12th Grade
52 questions
Alabama Civics Test Study Guide (1-50)

Flashcard
•
12th Grade
Popular Resources on Wayground
25 questions
Equations of Circles

Quiz
•
10th - 11th Grade
30 questions
Week 5 Memory Builder 1 (Multiplication and Division Facts)

Quiz
•
9th Grade
33 questions
Unit 3 Summative - Summer School: Immune System

Quiz
•
10th Grade
10 questions
Writing and Identifying Ratios Practice

Quiz
•
5th - 6th Grade
36 questions
Prime and Composite Numbers

Quiz
•
5th Grade
14 questions
Exterior and Interior angles of Polygons

Quiz
•
8th Grade
37 questions
Camp Re-cap Week 1 (no regression)

Quiz
•
9th - 12th Grade
46 questions
Biology Semester 1 Review

Quiz
•
10th Grade