_____ Is the Part of the Budget That Works Its

question 292

Multiple Choice

_____ is the part of the budget that works its way through Congress each year; it includes programs such as national defense, transportation, Medicaid, and education.

• A) Discretionary spending
• B) Mandatory spending
• C) Consumer spending
• D) Contractionary spending

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Definitions:

Future Expectations

The anticipations or outlook that consumers and businesses have about economic conditions that affect their spending and investment decisions.

Deferring Consumption

The act of postponing spending money on consumption goods to save or invest for future use.

Interest

The cost of borrowing money, usually expressed as a percentage of the amount borrowed, paid over a specific period.

Dividend

A portion of a company's earnings distributed to shareholders, usually in the form of cash or additional shares.