The functional finance philosophy is based on the idea that balancing the federal budget is less important than using it to promote an economy operating at its potential.
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Q125: In 2009,the U.S.budget deficit was $1.4 trillion.
Q126: If the functional finance approach to federal
Q127: With few exceptions,the U.S.federal government has historically
Q128: The budget deficit tends to decline during
Q129: State and local governments issue bonds to
Q131: Crowding in occurs when government spending improves
Q132: Crowding out refers to the effect that
Q133: In order for the government to increase
Q134: Crowding out occurs because lower interest rates
Q135: If a budget is cyclically balanced,the government
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