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29 March, 23:40

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

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Answers (2)
  1. 30 March, 00:34
    0
    d] when a nation borrows money in order to spend more than is received in taxes
  2. 30 March, 03:05
    0
    I believe the answer is D
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