In balancing a budget, economic booms provide opportunities to

Question

Quizplus · Accepted Answer

Economic booms often result in an increase in government revenue from taxes and other sources. This provides an opportunity to use some of that extra revenue to buy back outstanding bonds, which can help reduce future interest payments and improve the overall financial health of the government. The other options (A, C, and D) may be less desirable as they can increase debt, deficits, or taxpayer burden.

In Balancing a Budget, Economic Booms Provide Opportunities to