If the fiscal year begins without a budget and Congress fails to pass continuing resolution, then:
A) the president has the right to raise the debt ceiling.
B) federal agencies operate on the basis of the previous year's budget.
C) the interest rate paid on the national debt automatically increases.
D) the federal government shuts down.
Correct Answer:
Verified
Q5: The national debt is
A)the difference between a
Q8: Currently, the national debt is approximately:
A) 10
Q9: Exhibit 23-1: Global Comparison of Government Surpluses
Q10: If the federal government runs a budget
Q11: How does inclusion of the current revenues
Q12: Which of the following statements is true
Q14: It is important to distinguish between the
Q15: When the U. S. federal government runs
Q17: Exhibit 23-1: Global Comparison of Government Surpluses
Q116: If the federal government were to run
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