Which of the following is true about the U.S.federal government budget for the year 1998?
A) The U.S.Constitution was amended to require a balanced federal budget.
B) The federal budget deficit was the largest in history.
C) Federal government receipts were greater than federal government spending for the first time in more than 25 years.
D) Federal government outlays were greater than federal government receipts for the first time in more than 25 years.
Correct Answer:
Verified
Q1: The fiscal year
A)Is the 12-month period used
Q2: Discretionary expenditures account for approximately
A)One-fifth of the
Q2: Which of the following is an argument
Q3: In order to reduce the U.S.debt,
A)The government
Q7: The elements of the federal budget not
Q8: Deficit spending results whenever the government
A)Issues bonds
Q8: Which of the following policies will reduce
Q11: According to Keynes,an unbalanced budget is appropriate
Q13: The fiscal year for the federal government
Q16: If the economy is in a recession,
A)It
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