In recent decades, how has the U.S. national debt typically compared to its annual budget balance?
A) The debt has been much larger than the budget balance.
B) The debt has been much smaller than the budget balance.
C) The debt has tended to be bigger than the budget balance during recessions and smaller during expansions.
D) The debt has tended to be smaller than the budget balance during recessions and bigger during expansions.
Correct Answer:
Verified
Q16: Which of the following is the correct
Q17: According to economic theory, how does fiscal
Q18: Expansionary fiscal policy affects a country's budget
Q19: Contractionary fiscal policy during a recession affects
Q20: The total amount that a national government
Q22: An increase in a country's budget deficit
Q23: Econia has an evenly balanced budget. Then
Q24: One of the implications of ongoing use
Q25: When expansionary fiscal policy is used, the
Q26: Contractionary fiscal policy affects a government's budget
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents