Which of the following is TRUE about balanced budget requirements (BBRs) ?
A) Only the federal government has a BBR.
B) BBRs that require that the governor/president submit a balanced budget or that the legislature pass a balanced budget are more effective than BBRs that require that the budget is balanced at the end of the year.
C) BBRs that require that the governor/president submit a balanced budget or that the legislature pass a balanced budget are less effective than BBRs that require that the budget is balanced at the end of the year.
D) BBRs have never been an effective method of reducing the size of the government's budget deficit.
Correct Answer:
Verified
Q14: A cyclically adjusted budget deficit accounts for
Q15: Complete the following sentence: Government _ existed
Q16: The federal government's budget deficit ballooned to
Q17: Complete the following: _ spending refers to
Q18: Suppose that the consumer price index fell
Q20: Under which president did the United States
Q21: If the interest rate is 10%,what is
Q22: Suppose the federal government has to borrow
Q23: Suppose your state passes a law that
Q24: The U.S.government uses:
A) cash accounting for discretionary
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