True/False
Economists in favor of the functional finance approach to balancing the federal budget believe that the first priority of lawmakers is to keep the economy at full employment with stable prices, not to balance the federal budget.
Correct Answer:

Verified
Correct Answer:
Verified
Q345: Using discretionary fiscal policy to smooth the
Q346: Increasing government spending, increasing transfer payments, and
Q347: Both Social Security and Medicare are pay-as-you-go
Q348: The _ is the amount by which
Q349: Which category is an example of discretionary
Q351: Which statement regarding supply-side fiscal policy is
Q352: Contractionary fiscal policy<br>A) increases aggregate demand.<br>B) decreases
Q353: The U.S. public debt is about 90%
Q354: Which of these will result if the
Q355: Trying to annually balance the federal budget