Multiple Choice
_____ spending is the part of the budget that works its way through Congress each year and includes programs such as national defense, transportation, environment, and education.
A) Discretionary
B) Mandatory
C) Consumer
D) Contractionary
Correct Answer:

Verified
Correct Answer:
Verified
Q35: Automatic stabilizers are<br>A) aspects of the tax
Q36: Annually balancing the federal budget has been
Q37: Suppose the economy is in a recession.
Q38: The proposition that federal expenditures and taxes
Q39: The progressive income tax and transfer payments
Q41: If the government borrows from the public,
Q42: Automatic stabilizers include all of these EXCEPT<br>A)
Q43: Which variables are on the Laffer curve's
Q44: Because taxes withdraw spending from the economy,
Q45: The Laffer curve suggests that if tax