Question

GIVING MEDALS!!!!!
Which of these is not a result of the federal government spending more than it earns?

Budget deficits

Budget surpluses

Increased national debt

Increased taxes

Answer 1

incresed taxes i think.

Answer 2

i'll go with @baby456

Answer 3

A deficit occurs when more money is being spent than earned. A surplus occurs when more money is being earned than spent.
Taxes are increased when there is a deficit so that the government can attempt to pay off their debt.

Answer 4

What would most likely happen if Congress decreased taxes and increased spending?

Economic contraction

Economic expansion

Economic stability

Economic stagnation

Answer 5

@baby456 ,@Zale101 , @wotseit

Answer 6

last on

Answer 7

If Congress decreases taxes, they are getting less money from the people. If they increased spending, they are losing more money. If Congress is getting less money and losing more money, what do you think would happen to the economy?

Answer 8

"economic contraction: A phase of the business cycle in which the economy as a whole is in decline" http://www.investopedia.com/terms/c/contraction.asp
"Economic stagnation ... is a prolonged period of slow economic growth usually accompanied by high unemployment." http://en.wikipedia.org/wiki/Economic_stagnation Economic stagnation implies some growth, however slow.

Answer 9

the last one ? @wotseit

Answer 10

If less money is coming in, and more money is going out, do you think there will be economic growth or economic decline?
Economic contraction is similar to economic decline.
Economic stagnation is slowed economic growth.

Answer 11

decline @wotseit

Answer 12

You got it! :) So the answer is...

Answer 13

stagnation ? @wotseit

Answer 14

Stagnation is a form of economic growth, but it is slow growth. Contraction is economic decline, so the answer is A.

Answer 15

The government increases taxes. What might be a reason for this change in fiscal policy?
A deficit due to improving nationwide public transportation

A deficit due to more monies flowing in from investors

A surplus due to greater amounts of income from exports

A surplus due to more government spending on building roads
@wotseit