Answer:
The government borrows funds by selling Treasury bonds, notes, and bills. When governments run budget surpluses, what is done with the extra funds? The funds can be used to pay down the national debt or else be refunded to the taxpayers. You just studied 52 terms!
Step-by-step explanation:
Why is a budget surplus not necessarily a good thing? It means tax rates may be too high. Why does the federal debt tend to increase during periods of recession? Economic activity decreases, which decreases revenues and increases outlays.