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28-10-2020
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A budget surplus a. occurs when government expenditures exceed tax revenues. b. occurs when tax revenues exceed government expenditures. c. occurs when tax revenues exceed transfer payments. d. occurs when monetary policy works in the opposite direction of fiscal policy

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ewomazinoade ewomazinoade

31-10-2020

Answer:

b. occurs when tax revenues exceed government expenditures.

Explanation:

A budget deficit occurs when government expenditures exceed tax revenues

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