Which of the Following Is True of an Annually Balanced

question 51

Multiple Choice

Which of the following is true of an annually balanced federal budget?

• A) Most economists agree that the federal government should balance its budget just as each household does.
• B) Such a policy would require the government to increase its spending when tax receipts decrease.
• C) Such a policy became popular between the 1930s and 1960s.
• D) Such a policy guarantees that an economy reaches its potential level.
• E) Such a policy could worsen a contractionary gap.

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Definitions:

Paradigms

distinct sets of concepts or thought patterns, including theories, research methods, postulates, and standards for what constitutes legitimate contributions to a field.

Phenomena

Observable events or subjects, especially those that are interesting or unusual.

Organizers

Individuals or tools that arrange, coordinate, or manage various tasks or events.

Object Relations

A theory in psychoanalysis that focuses on the importance of early family relationships and the roles of internalized images of these relationships in personality development.