Like deficit ceilings, debt ceilings are political mechanisms for forcing compromises on how best to use budget surpluses or deficits.
Answer the following statement true (T) or false (F)
True
Deficit and debt ceilings are mechanisms for forcing Congress to adopt specific fiscal policies.
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Today, __________ leads the world with more than 800 million cell phone users.
A. the United States B. China C. Japan D. Canada
A business produces 400 items and sells them for $15 each for a total of $6,000. The total cost of producing the items is $4,500 in explicit cost and $1,000 in implicit cost. Economic profit is:
A. $500. B. $0. C. $1,500. D. $1,000.
Suppose the consumption function is C = $200 + 0.85YD. If disposable income is $400, consumption is
A. $540. B. $340. C. $200. D. $185.
A job leaver is an individual
A. who used to work full time but left the labor force and has now reentered it looking for a job. B. in the labor force who quits voluntarily. C. who has never held a full-time job lasting two weeks or longer but is now seeking employment. D. in the labor force whose employment was involuntarily terminated.