Arguments against the balanced budget amendment include all of the following EXCEPT
A) a balanced budget amendment would turn control of the federal budget over to the Judicial Branch.
B) a balanced budget amendment would induce Congress to issue more mandates to states to increase spending.
C) a balanced budget amendment would reduce the taxation burden on future generations.
D) a balanced budget amendment would limit Congress from using fiscal policy during a recession.
C
You might also like to view...
A fall in the long-run real interest rates leads to a ________
A) leftward shift of the labor supply curve B) leftward shift of the labor demand curve C) rightward shift of the labor supply curve D) rightward shift of the labor demand curve
Refer to Figure 11.5. A decrease in exports is best illustrated by diagram
A) A. B) B. C) C. D) D.
What would happen to the equilibrium price and quantity of coffee if the wages of coffee-bean pickers fell and the price of tea fell?
a. Price would fall, and the effect on quantity would be ambiguous. b. Price would rise, and the effect on quantity would be ambiguous. c. Quantity would fall, and the effect on price would be ambiguous. d. Quantity would rise, and the effect on price would be ambiguous.
How does educating its populace help a poor country improve its economic growth rate?
a. Educated people eliminate the need for expensive technology. b. Educated people can produce more advanced goods and services. c. Educated people pay high interest rates on student loans. d. Educated people use fewer resources.