The Policy Mix That the Clinton Administration Sought in Early

question 40

Multiple Choice

The policy mix that the Clinton administration sought in early 1993 was a

• A)smaller budget deficit and tighter monetary policy.
• B)smaller budget deficit and looser monetary policy.
• C)larger budget deficit and looser monetary policy.
• D)larger budget deficit and tighter monetary policy.

---

Definitions:

Modified Accrual Accounting

An accounting method that combines elements of both accrual and cash basis accounting, recognizing revenues when they are available and measurable, and expenses when incurred.

Realizable

Refers to assets that can be easily converted into cash or are expected to be sold without significant delay or loss in value.

Modified Accrual Accounting

An accounting method that recognizes revenues when they become available and measurable and expenses when they are incurred, used often by government entities.