What's the name given to the government practice of borrowing money to spend more than is collected in taxes?

A. Surplus spending

B. Deficit spending

C. Credit economy

D. Borrower's economy

Question

History

Kasen

18 August, 17:05

What's the name given to the government practice of borrowing money to spend more than is collected in taxes?

A. Surplus spending

B. Deficit spending

C. Credit economy

D. Borrower's economy

+5

Answers (2)

Know the Answer?

Snyder · Answer 1

My choice is letter B. Deficit spending B. Deficit spending. The purpose of this type of spending is to is to fuel the economy with the increase of money that was borrowed from foreign countries that would business and encourage investments. This however would also affect the interest rates.

Carr · Answer 2

The answer is b deficit spending

What's the name given to the government practice of borrowing money to spend more than is collected in taxes?A. Surplus spendingB. Deficit spendingC. Credit economyD. Borrower's economy

What's the name given to the government practice of borrowing money to spend more than is collected in taxes?

A. Surplus spending

B. Deficit spending

C. Credit economy

D. Borrower's economy