Those Who Are Concerned About Balanced Budget Amendments Typically Argue

question 40

Multiple Choice

Those who are concerned about balanced budget amendments typically argue that:

• A) they would make fluctuations in output around the natural level of output greater.
• B) they would reduce national saving.
• C) they would cause interest rates to be higher than they otherwise would be.
• D) they would reduce aggregate demand.
• E) they would increase spending in a recession.

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Definitions:

Quick-service Restaurant

A type of eating establishment known for fast food service and minimal table service, often part of a restaurant chain.

Franchising

A method of doing business wherein a franchisor licenses trademarks and proven methods of doing business to a franchisee in exchange for a recurring payment, and often a percentage of the franchisee's revenue.

Franchisors

Individuals or companies that grant a license to others allowing them to operate a business under the franchisor's brand and business model.

Experience

The knowledge or skill acquired by a period of practical involvement in or exposure to events or activities.