Multiple Choice
One characteristic of an annually balanced federal budget is that
A) government spending and tax revenues move in opposite directions.
B) it was advocated by John Maynard Keynes.
C) it incorporates automatic stabilizers.
D) it makes it impossible for the government to engage in countercyclical activity.
Correct Answer:
Verified
Correct Answer:
Verified
Q141: Which graph BEST depicts the impact of
Q142: GDP equals investment plus savings.
Q143: According to public choice economists, deficit spending<br>A)
Q144: _ are U.S. Treasury securities considered to
Q145: When government spending increases, the aggregate demand
Q147: Define deficits and the national debt.
Q148: Which of these is an example of
Q149: The higher the levels of human capital
Q150: John, a U.S. taxpayer, buys $5,000 in
Q151: For fiscal policy to be sustainable, the