Which of the Following Is True of an Annually Balanced

question 54

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 must do.
• B)Such a policy would require government to increase its spending when tax receipts fell.
• C)Such a policy became popular between the 1930s and 1960s.
• D)Such a policy would guarantee that the economy always remained at its potential level.
• E)Such a policy could worsen a contractionary gap.

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Definitions:

Mentally Ill

Individuals suffering from mental health disorders that affect their mood, thinking, and behavior.

Madness

An outdated term often used historically to describe severe mental illness or behaviour perceived as wildly irrational, not commonly used in clinical contexts due to its pejorative implications.

Affirmative Action

Policies or measures designed to increase opportunities for underrepresented groups in areas such as employment and education, as a means to address past discrimination.

Constitutional

Refers to laws, principles, or systems that constitute a country's legal foundation and govern its political and institutional operations.