Which of the following is true regarding mandatory spending policies?
A)They are designed to increase the money supply to improve economic growth.
B)They create a serious ongoing financial burden on the federal government.
C)They reduce the overall cost of compliance for major industrial sectors.
D)They reduce the overall cost of doing business overseas.

Question

Quizplus · Accepted Answer

Mandatory spending policies are those in which the government is required by law to spend a certain amount of money on certain programs or entitlements, such as Social Security or Medicare. These policies create a serious ongoing financial burden on the federal government because they are not subject to annual appropriations and are therefore not easily adjustable based on changing economic conditions or priorities.

Which of the Following Is True Regarding Mandatory Spending Policies