Instead of trying to balance the budget every year,it is easier to:
A) balance the budget over the business cycle.
B) allow deficit spending only in times of economic downturn.
C) allow surpluses to build during times of economic booms.
D) All of these statements are true.
Correct Answer:
Verified
Q142: Entitlement spending:
A) is public expenditure that is
Q143: A public expenditure that has to be
Q144: If the federal government brings in $1.1
Q144: Discretionary spending involves public expenditures that:
A)have to
Q145: One interesting feature of federal government spending
Q146: Deficits and surpluses are commonly calculated as:
A)debt
Q147: If the federal government brings in $3
Q148: It is difficult to balance the budget
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Q151: The federal debt is _ and the
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