Balancing the federal budget over the business cycle requires
A) deficits incurred during economic slumps that are offset by surpluses during economic booms.
B) raising taxes and cutting spending during stagflation.
C) rapid increases in the national debt during national emergencies.
D) matching deficits and surpluses each time Earth orbits the sun.
E) that the national debt grow only as fast as GDP grows.
Correct Answer:
Verified
Q129: If we are running a federal budget
Q130: The use of government spending and taxation
Q131: To finance a government deficit,
A)money is borrowed.
B)the
Q132: Statement I: The workings of the automatic
Q133: Built-in stabilizers
A)are insufficient to prevent the business
Q135: A "conservative" economist who advocates an active
Q136: Fiscal year 1994 ran from
A)January 1,1994 to
Q137: Governmental assistance to the unemployed
A)was advocated by
Q138: Which of the following best describes what
Q139: When we are running a federal budget
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents