Which of the Following Is True of an Annually Balanced

question 22

Multiple Choice

Which of the following is true of an annually balanced federal budget?

• A)Most economists agree that the federal government should balance its budget just as each household does.
• B)Such a policy would require the government to increase its spending when tax receipts decrease.
• C)Such a policy became popular between the 1930s and 1960s.
• D)Such a policy guarantees that the economy is its potential level.
• E)Such a policy could worsen a contractionary gap.

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Definitions:

Industry Versus Inferiority

A stage in Erikson's psychosocial development theory where children, typically between ages 6 and 11, develop a sense of competence by mastering skills.

Autonomy Versus Shame

A stage in Erikson's theory of psychosocial development where young children learn to be self-sufficient or experience doubt in their abilities.

Identity Foreclosure

Marcia’s term for the status of individuals who have made a commitment but have not experienced a crisis.

Career

A career encompasses an individual's journey through learning, work, and other aspects of life, often related to their profession or occupation.