A budget deficit occurs when the government A. doesn’t pass a balanced budget for the current fiscal year B. raises the top federal income tax rate C. raises more tax revenues than it spends D. spends

A budget deficit occurs when the government

A. doesn’t pass a balanced budget for the current fiscal year

B. raises the top federal income tax rate

C. raises more tax revenues than it spends

D. spends more tax revenues than it receives

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A budget deficit occurs when the government A. doesn’t pass a balanced budget for the current fiscal year B. raises the top federal income tax rate C. raises more tax revenues t…

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