The federal budget deficit becomes _____ during recessions because _____.
A) smaller;transfer payments increase and tax revenues decline
B) larger;transfer payments increase and tax revenues decline
C) larger;both transfer payments and tax revenues increase
D) smaller;both transfer payments and tax revenues increase
E) smaller;both transfer payments and tax revenues decrease
Correct Answer:
Verified
Q53: According to the budget philosophy of functional
Q54: A(n)_ is a budget philosophy that was
Q55: In the United States,since the Great Depression,the
Q56: When budget deficits during recessions are covered
Q57: Which of the following is true of
Q59: According to Keynes' philosophy of government budgets,_.
A)chronic
Q60: An annually balanced budget:
A)is the surest path
Q61: Federal deficits amounted to 3.5 percent of
Q62: Which of the following statements is true?
A)Federal
Q63: If an increase in the federal deficit
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