Question

What is deficit spending?

a] when a nation increases military spending to create new jobs and boost the economy


b] when a nation gives tax credits to encourage business investment in new factory equipment


c] when a nation cuts the taxes of wealthier citizens while increasing the tax burden on the middle class


d] when a nation borrows money in order to spend more than is received in taxes

Answer 1

d] when a nation borrows money in order to spend more than is received in taxes

Answer 2

I believe the answer is D