It Is Likely That a Constitutional Amendment That Required the Government

question 34

Multiple Choice

It is likely that a constitutional amendment that required the government always to run a balanced budget would

• A)contribute to a more stable level of output.
• B)mitigate the crowding-out effect.
• C)eliminate the economy's automatic stabilizers.
• D)All of the above are correct.

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Definitions:

Payroll Taxes

Taxes imposed on employers and employees, based on the wages the employer pays to the employees.

Hours

Units of time equal to 60 minutes, often used to measure work or billing time in various contexts.

Fair Labor Standards Act

A U.S. law that sets out various labor regulations regarding interstate commerce employment, including minimum wages, requirements for overtime pay, and limitations on child labor.