Question: Which statements below are TRUE? (Choose one or more.) A If taxes net of transfers exceed government spending on goods and services, the government runs
Which statements below are TRUE? (Choose one or more.) A If taxes net of transfers exceed government spending on goods and services, the government runs a surplus. B A budget surplus reduces the size of the national debt. C If government spending on goods and services and transfers exceeds taxes, the government runs a deficit. D A budget deficit increases the size of the national debt. E Historically, the U.S. federal government ran surpluses in times of war and deficits in times of peace
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