According to public choice economists, the federal government has expanded because
A) the public likes to pay higher taxes to finance more programs.
B) the federal government is efficient in its spending.
C) deficit spending has reduced the perceived cost of current government operations.
D) taxpayers pay the full cost of current government operations.
Correct Answer:
Verified
Q15: The nearly $800 billion stimulus package passed
Q16: Voters who want federal government revenues to
Q17: Of the share of the U.S. national
Q18: _ are all examples of discretionary spending.
A)
Q19: Which of these illustrates the information lag?
A)
Q21: If the economy reaches the positively sloped
Q22: Which item is NOT public debt?
A) Treasury
Q23: Contractionary fiscal policy is typically used to
A)
Q24: The crowding-out effect recognizes that if the
Q25: The recognition lag occurs when it takes
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