Which Statement(s) Is/are TRUE? I

question 275

Multiple Choice

Which statement(s) is/are TRUE? I. The first priority for economists who favor a functional finance approach to the federal budget is to determine whether the budget is in surplus or deficit.
II) Slowly growing and fully employed economies do not have important public debt or deficit issues.
III) The government's primary job, according to those who favor functional finance, is to provide the public goods and services citizens want.

• A) I and II only
• B) I only
• C) II and III only
• D) III only

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Definitions:

Purchases Journal

A specialized accounting journal used to record all purchases of goods and services on credit.