If a Balanced Budget Amendment to the U.S. Constitution were passed, during an economic slowdown, such an amendment would
A. automatically return the economy to a period of growth.
B. cause those bad times to be even worse.
C. bolster those bad times, so it wasn't as bad.
D. have no impact on the economy.
Answer: B
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The table above shows three production methods to produce 100 automobiles per day. Which of the three methods is technologically efficient?
A) Method A only B) Method B only C) Method C only D) Method A, B and C are all technologically efficient.
Which of the following products is most likely to be sold in a monopolistically competitive market?
A) fast food B) coal C) wheat D) electricity
If a bank that desires to hold no excess reserves and has just enough reserves to meet the required reserve ratio of 15 percent receives a deposit of $600, it has a
a. $600 increase in excess reserves and no increase in required reserves. b. $600 increase in required reserves and no increase in excess reserves. c. $510 increase in excess reserves and a $90 increase in required reserves. d. $90 increase in excess reserves and a $510 increase in required reserves.
When a country's inflation rate varies substantially from year-to-year and is therefore difficult to predict, this will
What will be an ideal response?