The Notion of Functional Finance Says That

question 194

Multiple Choice

The notion of functional finance says that:

• A) the economic function of the president is to maintain a balanced budget.
• B) the government should not focus on any deficits or surpluses caused by the budget and focus on maintaining the economy at full employment.
• C) the government should function as a financial leader in the economy.
• D) the government's budget should always be balanced over the course of the business cycle.

---

Definitions:

American Economy

The economic system of the United States, characterized by a mixture of private and public enterprises.

Commercial Manufacturing

Commercial manufacturing refers to the large-scale production of goods typically utilizing machinery in factories, aimed at supplying a wide market.

Expanded Markets

Markets that have grown in size or scope, allowing for increased business opportunities and consumer choices.

Constitution

The fundamental principles or established precedents according to which a state or other organization is governed.