Learning Path
Question & AnswerChoose the Best Answer
Government budget deficits typically increase during recessions due to lower tax revenues.
Persistent budget deficits can lead to a decrease in overall national debt over time.
Increased government spending in response to a recession may temporarily exacerbate budget deficits.
A government budget deficit means that the government is operating efficiently with its resources.
Higher transfer payments during a recession can contribute to a larger budget deficit.
Understanding the Answer
Let's break down why this is correct
Answer
Detailed Explanation
Key Concepts
Government Budget Deficits
medium level question
understand
Ready to Master More Topics?
Join thousands of students using Seekh's interactive learning platform to excel in their studies with personalized practice and detailed explanations.