Briefly explain how the federal budget affects the national economy as well as public policy decisions.
What will be an ideal response?
The very size of the government’s financial activity inevitably makes it a strong player in the national economy. Many economists have even argued that the government can, and therefore should, use the budget to steer the economy: to boost employment, to cut inflation, to improve the nation’s balance of trade abroad, and to keep the value of the dollar secure. The budget also embodies fundamental political choices, about values—which programs get funded and which do not—and institutions, especially the relative sway of the legislative and executive branches of government.
You might also like to view...
An organization that does intensive research and problem solving, either on behalf of other entities or on its own, is called ________
A) a special interest group B) an interest group C) a think tank D) a policy formulator E) a political institute
At the lowest constraint levels, the researcher looks for
A) The effects of one variable on another. B) Predictability of variable A from knowing variable B. C) Causal relationships. D) The natural flow of behavior.
Today, approximately what percentage television households subscribe to cable or to satellite services?
A. 90 B. 75 C. 50 D. 25
Legislators vote in a manner consistent with the wants and desires of their constituents about two-thirds of the time
Indicate whether the statement is true or false