A constitutional amendment requiring the federal government to balance its budget annually would
a. require a decrease in taxes and/or an increase in government spending during an economic expansion.
b. require an increase in taxes and/or a decrease in government spending during a recession.
c. destabilize the economy.
d. All of the above.
d. All of the above.
You might also like to view...
One of the key outcomes of the 2010 mid-term elections was that
A. a national sales tax was created and replaced the income tax. B. 1986 tax increases were repealed in 2011. C. iraqi oil revenues were taxed by the U.S. to provide care for disabled Iraqi War veterans. D. 2003 tax cuts were continued for everyone through the end of 2012.
Which of the following ideas describes the concept of "utilitarianism"? I. Utilitarianism gained popularity in the 1930s. II. Utilitarians believed that a society should use only competitive markets to allocate resources. III
Utilitarians claimed that taking money from rich people and giving it to poorer people would make the economy more fair. A) III only B) II only C) I and II D) I, II and III
Discuss some of the government regulations designed to ensure depositors' safety and to control the money supply
Refer to the above table. All real GDP numbers are expressed in terms of the purchasing power of dollars in
A. 2017. B. 2018. C. 2019. D. 2020.