Much of each year's federal budget is considered "uncontrollable" because
A) It must be spent for purchases,as opposed to transfer payments.
B) Most of the current revenues and expenditures are the result of decisions made in prior years.
C) It is determined by decision makers who do not have the power to change spending and taxes.
D) None of the choices are correct.
Correct Answer:
Verified
Q9: If full-employment output exceeds equilibrium output,greater deficit
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
Q15: Which of the following is an argument
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
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