If There Is a Constitutional Requirement to Maintain a Balanced

question 44

Multiple Choice

If there is a constitutional requirement to maintain a balanced budget, then during a recession when tax revenues are shrinking, the government will have to implement

• A)contractionary fiscal policy.
• B)no change in fiscal policy.
• C)expansionary fiscal policy.
• D)countercyclical fiscal policy.

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Definitions:

Pay-per-view

A type of television or online streaming service where viewers pay a fee to watch a specific event or program, typically special sports events or movies.

Consumer Surplus

The difference between what consumers are willing to pay for a good or service versus what they actually pay, measuring consumer benefit.

Single-Price Monopoly

A market structure where the monopolist offers its product to all consumers at the same price, without price discrimination.

Pay-per-view

A service that allows consumers to pay for and watch individual events or content, typically through a cable or satellite TV provider or online platform.