In the United States,since the Great Depression,the federal government has:
A) run budget deficits only in periods of recession.
B) run a budget deficit in almost every year.
C) practiced a policy of annually balancing the budget.
D) run budget deficits only in wartime.
E) run a surplus in most years.
Correct Answer:
Verified
Q50: If a government runs a cyclically balanced
Q51: Which of the following statements about the
Q52: Because of automatic stabilizers,_.
A)fiscal policy focuses on
Q53: According to the budget philosophy of functional
Q54: A(n)_ is a budget philosophy that was
Q56: When budget deficits during recessions are covered
Q57: Which of the following is true of
Q58: The federal budget deficit becomes _ during
Q59: According to Keynes' philosophy of government budgets,_.
A)chronic
Q60: An annually balanced budget:
A)is the surest path
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