When the government borrows money because it spends more than it collects in revenue, the government is
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Question:
When the government borrows money because it spends more than it collects in revenue, the government is
A. violating the Sixteenth Amendment.
B. engaged in deficit spending.
C. balancing its budget.
Related Book For
Macroeconomics Principles and Applications
ISBN: 978-1111822354
6th edition
Authors: Robert E. Hall, Marc Lieberman
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