Which of the following is an argument against balancing the federal budget?
A) The federal government interferes with the economy too much.
B) An increase in government spending and taxes by the same amount does not affect income.
C) Doing so may prevent the government from pulling the economy out of recession.
D) None of the choices are correct.
Correct Answer:
Verified
Q10: A budget surplus is
A)An excess of government
Q11: If full-employment income and equilibrium income are
Q12: Discretionary expenditures account for approximately
A)One-fifth of the
Q13: If the economy is in a recession,
A)It
Q14: Much of each year's federal budget is
Q16: Uncontrollable government spending includes
A)Interest payments on the
Q17: In order to maintain a balanced budget
Q18: Which of the following is true about
Q19: The elements of the federal budget not
Q20: The use of government taxes and spending
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