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

Federal Budget and Economics Flashcard

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Business
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12th Grade
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Hard
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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.
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