The Cyclically Balanced Budget

question 37

Multiple Choice

The cyclically balanced budget:

• A) is not easy to implement, because it is difficult to balance the surpluses and deficits over a span of years.
• B) is mandated by federal law to be the responsibility of Congress.
• C) has political support because it is easy to cut spending and raise taxes.
• D) occurs over a period of five years.

---

Definitions:

Decreasing Slope

A downward trend on a graph indicating that one variable decreases as another variable increases.

Risk-loving

A preference for options with uncertain outcomes, even when the expected return is the same as safer alternatives.

Universal Health Coverage

A health care system in which all individuals have access to quality health services without suffering financial hardship.

Lemon Laws

Laws designed to offer remedies to consumers for products such as automobiles that repeatedly fail to meet standards of quality and performance.