One Reason for Not Requiring a Balanced Federal Budget at All

question 28

Multiple Choice

One reason for not requiring a balanced federal budget at all times is that with a balanced-budget rule:

• A) expenditures are not limited because, if the government wants to raise expenditures, it just raises taxes.
• B) in a recession even the automatic stabilizing powers of our system of taxes and transfers could not work.
• C) the distorting features of the tax system are minimized.
• D) it is possible to shift the burden of a war from current to future generations.

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Highest-Paying

Referring to jobs, positions, or industries that offer the most monetary compensation compared to others.

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