Which of the following is an argument against balancing the federal budget?
A) The federal government interferes with the economy too much.
B) An increase in government spending and taxes by the same amount does not affect income.
C) Doing so may prevent the government from pulling the economy out of recession.
D) None of the choices are correct.
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
Q3: In order to reduce the U.S.debt,
A)The government
Q7: Which of the following is true about
Q7: The elements of the federal budget not
Q8: Deficit spending results whenever the government
A)Issues bonds
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
Q19: A budget surplus is
A)An excess of government
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