This is not a writing assignment, this is a multiple-choice question Which of the below statements is INCORRECT regarding a budget deficit? Group of answer choices
This is not a writing assignment, this is a multiple-choice question
Which of the below statements is INCORRECT regarding a budget deficit?
Group of answer choices
Heavy government spending and persistent federal budget deficits during both good times and recessions result in a strong economy and a high standard of living for its people.
Raising taxes or cutting a budget deficit during a recession will almost certainly make the recession worse.
As an economy slips into recession, incomes and tax revenue fall, while
A budget deficit happens when the government spends more than it collects in tax revenue.
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