________________________ making a series of future expenditures without simultaneously committing to collect enough tax revenues to pay for those expenditures. a. Budget deficits b. Debt crises c. Loan guarantees d. Unfunded liabilities
________________________ making a series of future expenditures without simultaneously committing to collect enough tax revenues to pay for those expenditures. a. Budget deficits b. Debt crises c. Loan guarantees d. Unfunded liabilities
Chapter16: Budget Deficits In The Short And Long Run
Section: Chapter Questions
Problem 2TY
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________________________ making a series of future expenditures without simultaneously committing to collect enough tax revenues to pay for those
expenditures.
a. Budget deficits
b. Debt crises
c. Loan guarantees
d. Unfunded liabilities
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