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26 August, 15:10

Imagine the federal government has a national debt of $10.2 trillion. Congress's budget for the coming year includes a spending projection of $4.2 billion. Tax revenue projects $3.8 billion. Which fiscal policy should Congress adopt to avoid increasing the national debt?

Cut interest rates

Decrease spending

Lower taxes

Raise reserve requirements

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Answers (1)
  1. 26 August, 16:52
    0
    I think it would be "Decrease Spending" but in not 100% sure about that answer
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