Concept:A budget in which planned government spending exceeds expected revenue is called a deficit budget.
Explanation:This means
G>T, where
G is government expenditure and
T is expected revenue.
A deficit budget is an expansionary fiscal policy tool.
It increases aggregate demand in the economy.
Higher government spending creates jobs and stimulates production.
Thus, it helps the economy move toward full employment.
It does not combat inflation; expansionary policy may actually raise prices.
It also increases money supply rather than creating a shortage.
Answer:D. Opportunity for full employment