Which of the following is true of the federal budget process in the United States?
A) Congress must approve a budget with at least a two-thirds majority vote.
B) The federal budget must be balanced each year because the volume of international trade reduces if the government has a surplus or a deficit.
C) Most federal outlays are determined by existing laws.
D) Congress approves a budget that separates the capital budget from the operating budget.
E) Detailed budgeting allows the party in power to reward its supporters.
Correct Answer:
Verified
Q26: Problems with the federal government budget process
Q27: Continuing resolutions are _
A) budget agreements that
Q28: Budget agreements that allow agencies, in the
Q29: Because deadlines are frequently missed, budgets typically
Q31: A federal budget deficit _
A) stimulates aggregate
Q33: In the short run, a surplus federal
Q34: The entire U.S. federal budget process, beginning
Q35: A(n) _ provides guaranteed benefits for those
Q36: Problems with the federal government budget process
Q37: When a budget is not approved in
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