The correct answer is A. budget surplus.
A budget surplus is when a government’s revenue exceeds its spending. This means that the government is taking in more money than it is spending. A budget surplus can be used to pay down debt, invest in infrastructure, or provide tax cuts.
A budget deficit is when a government’s spending exceeds its revenue. This means that the government is spending more money than it is taking in. A budget deficit can be financed by borrowing money, which can lead to higher debt levels.
The Federal Reserve is the central bank of the United States. It is responsible for setting monetary policy, which is the policy that affects the money supply and interest rates.
The federal budget is a document that outlines the government’s spending and revenue for a given fiscal year. The federal budget is prepared by the Office of Management and Budget and submitted to Congress for approval.
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