Implementation of Cyclically Balanced Government Budgets

question 58

Multiple Choice

Implementation of cyclically balanced government budgets

• A)is successfully practiced in Canada.
• B)is easier with frequent changes in political power.
• C)result in larger output gaps than with annually balanced budgets.
• D)requires precise prediction of potential GDP to pinpoint the stages of the business cycle.
• E)eliminates the need for built- in fiscal stabilizers.

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Definitions:

Graduated Compression Stockings

Specialized stockings designed to help prevent the occurrence of, and guard against further progression of, venous disorders such as edema, phlebitis and thrombosis.

Effectiveness

The extent to which something achieves its intended or expected outcome.

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