What approach to federal finance would you agree with if you wanted the federal government to restrict spending or raise taxes during booms and use surpluses from the booms to offset deficits during recessions?

Question

Quizplus · Accepted Answer

A cyclically balanced budget approach involves the government restricting spending or raising taxes during economic booms to create surpluses, which can then be used to offset deficits during economic recessions.

What Approach to Federal Finance Would You Agree with If