A Biennial Budget

question 59

Multiple Choice

A biennial budget:

• A)is more useful than an annual budget as a tool of discretionary fiscal policy.
• B)is implemented by the federal government,while an annual budget is implemented by state governments.
• C)would ensure that cabinet members spend more time on administering an approved budget and defending a proposed budget.
• D)would encourage cabinet members to focus more on running their agencies rather than being involved in budget deliberations.
• E)would require shorter-term economic forecasts than an annual budget.

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Definitions:

Continental Crust

The layer of igneous, sedimentary, and metamorphic rocks that forms the continents and continental shelves, characterized by its thickness and composition distinct from oceanic crust.

Mafic Basalt

A type of basaltic rock that is rich in magnesium and iron, characterized by its dark color and low silica content.

Decompression Melting

The melting of rock due to a decrease in pressure as it rises towards the Earth's surface, a common mechanism at mid-ocean ridges and mantle plumes.

Mantle-Derived Magmas

Magmas that originate from the partial melting of the Earth's mantle, often rich in magnesium and iron.