The 1990 budget agreement between President Bush and Congress incorporated
A) an increase in both the income tax and some excise tax rates.
B) substantial reductions in defense spending with no change in taxes.
C) a significant increase in the money supply to cover the revenue shortfall.
D) a line-item veto option the president can use to ensure a balanced budget.
E) a supply-side tax cut designed to improve worker incentives.
Correct Answer:
Verified
Q56: In addition to annually and cyclically balanced
Q57: The U.S.government's fiscal year runs from
A) January
Q58: The federal budget surpluses experienced at the
Q59: Alternative policies regarding the federal budget include
Q60: Proponents of a budget that promotes an
Q62: How did the proposed fiscal policies of
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Q64: In his first year in office,President Clinton's
Q65: During the Clinton administration,fiscal policy was
A) successful
Q66: The popularity of the annually balanced budget
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