Question: (Click to select) is either deficit or surplus POLICY PERSPECTIVES Suppose the government receives $5.1 billion in tax revenue and spends $5 billion. Instructions: Round

(Click to select) is either deficit or surplus

POLICY PERSPECTIVES Suppose the government receives $5.1 billion in tax revenue and spends $5 billion. Instructions: Round your response to one decimal place. a. Calculate the federal deficit or surplus. There is a federal (Click to select) equivalent to $ billion. b. According to Keynes, which macro condition is this budget balance appropriate for? recession expansion

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