Balancing the Government's Budget Over the Course of Each Business

question 4

Multiple Choice

Balancing the government's budget over the course of each business cycle

• A) results in a stable economy at all times.
• B) does not take into account the fact that the size of the deficits needed to reduce unemployment may not equal the size of the surpluses needed to moderate subsequent inflation.
• C) guarantees a steady decrease in the national debt.
• D) is a policy biased in favor of reducing unemployment at the cost of allowing persistent inflation.
• E) is called functional finance.

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