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.
Correct Answer:

Verified
Correct Answer:
Verified
Q29: The Kennedy tax cut of 1964 included
Q30: If it were not for the automatic
Q31: Suppose households attempt to increase their money
Q32: A reduction in U.S net exports would
Q33: The price of imported oil rises.If the
Q35: Suppose there were a large decline in
Q36: When the Fed lowers the growth rate
Q37: The lag problem associated with monetary policy
Q39: Which of the following policies would be
Q142: During recessions, taxes tend to<br>A)rise and thereby