What Approach to Federal Finance Would You Agree with If

question 354

Multiple Choice

What approach to federal finance would you agree with if you were most concerned with the federal government's pursuit of fostering economic growth, stable prices, and full employment?

• A) annually balanced budget
• B) cyclically balanced budget
• C) functional finance
• D) trade-balanced budget

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Definitions:

Consumer Good

Goods produced and purchased for personal use, as opposed to those made for production or commercial use.

Perfected Interest

A legal status that gives a creditor priority over others in claiming collateral or property rights, typically involving a secured transaction that has been properly filed or recorded.

Chapter 13 Bankruptcy

A type of bankruptcy in the U.S. that allows individuals earning regular income to draft a plan to repay all or part of their debts over a period of time.

Chapter 11

A provision of the United States Bankruptcy Code that allows businesses to undergo reorganization while keeping the business alive and paying creditors over time.