The Automatic Budget Deficits and Budget Surpluses That Occur in the Federal

question 34

Multiple Choice

The automatic budget deficits and budget surpluses that occur in the federal budget over the business cycle

• A) destabilize the economy.
• B) stabilize the economy.
• C) decrease potential GDP.
• D) increase potential GDP.

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Definitions:

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A theoretical construct or interpretation of a constitution that emphasizes its role as a symbol of national values and principles rather than just a set of legal rules.

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An American abolitionist, journalist, suffragist, and social reformer who is best known for his editorship of the abolitionist newspaper The Liberator and for being one of the founders of the American Anti-Slavery Society.

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The body of individuals who live in the United States, characterized by diverse cultures, social practices, and values.