Multiple Choice
Sequestration refers to _____
A) an increase in the tax rates for high-income households.
B) automatic cuts to certain categories of federal spending to slow spending growth.
C) low interest rates that crowded out private investment.
D) discretionary tax cuts and greater outlays on unemployment benefits.
E) greater outlays on national defense spending.
Correct Answer:
Verified
Correct Answer:
Verified
Q5: Interest payments in the United States increased
Q34: In the 1980s,tax rates were cut,government revenues
Q89: Automatic cuts to certain categories of federal
Q91: Suppose government purchases of goods and services
Q92: Prior to the Great Depression, deficits built
Q95: The opportunity cost of deficit spending is
Q95: An annually balanced budget can only be
Q96: If automatic stabilizers are creating budget deficits,
Q97: Increasing U.S. trade deficits result in _<br>A)
Q142: Crowding out occurs because lower interest rates