A(n) _____ is a budget philosophy that was followed prior to the Great Depression that aimed at matching annual revenues with outlays, except during war time
a. annually balanced budget
b. annual surplus budget
c. biennial deficit budget
d. biennially balanced budget
e. cyclically balanced budget
a
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Critics of the Keynesian view argue that increases in government spending financed by borrowing will hamper the recovery from a recession and slow long term growth because
What will be an ideal response?
Consider a call option; in terms of the option writer and option holder, who is the buyer? Who is the seller? Finally, who has the option? Explain.
What will be an ideal response?
Which of the following is a possible outcome of austerity policies?
A. Decrease in economic activity B. Increase in employment opportunities C. Decrease in budget deficits D. Increase in tax revenues
Refer to the graph. Consider asset D. We would expect arbitrage to:
A. increase the risk level of D.
B. increase the price of D.
C. lower the price of D.
D. increase both the expected return and risk level of D.