The view that the government budget should always be balanced except in wartime refers to:
A)public finance.
B)fiscal policy.
C)the Ricardian equivalence.
D)sound finance.

Question

Quizplus · Accepted Answer

The view that the government budget should always be balanced except in wartime is referred to as "sound finance." This principle advocates for fiscal responsibility and caution in budget management, except under extraordinary circumstances such as war.

The View That the Government Budget Should Always Be Balanced