Multiple Choice
A disadvantage of having an annually balanced budget is that government spending would have to
A) increase in recessions and decrease during expansions
B) decline during a recession to offset the increase in tax revenues
C) rise during a recession to match the increase in tax revenues
D) rise during an expansion to offset the decline in tax revenues
E) decline in a recession to match the decrease in tax revenues
Correct Answer:
Verified
Correct Answer:
Verified
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