The U.S. federal budget is a
A) document that analyzes the projected inflation target in the United States and the corresponding federal funds rate and real interest rate.
B) document that reflects the spending plans of each of the 50 states of the United States for a given year.
C) major summary document describing fiscal policy in the United States, including proposals for spending and taxes and the estimate of the corresponding budget deficit or surplus.
D) None of these

Question

Quizplus · Accepted Answer

The U.S. federal budget is a major summary document describing fiscal policy in the United States, including proposals for spending and taxes and the estimate of the corresponding budget deficit or surplus. It is not related to inflation targets or state spending plans.

The U.S. Federal Budget Is a