If a state’s national budget is in deficit, which of the following is true?
a. The government is spending more in the economy than it is taking out of the economy in taxes and revenues.
b. The government is taking more out of the economy in taxes and revenues than it is spending in the economy.
c. The government is spending about the same in the economy as it is taking out of the economy in taxes and revenues.
d. The government is spending less in the economy than it is taking out of the economy in taxes and revenues.
a. The government is spending more in the economy than it is taking out of the economy in taxes and revenues.
You might also like to view...
According to the principle underlying fiscal policy, during inflation, fiscal policy should:
A. stimulate economic activity by decreasing taxes. B. curb economic activity by reducing government spending. C. let the forces of supply and demand operate on their own. D. expand the rate of growth of the money supply. E. use the easy-money policy.
Why were the Founders worried about the popular assemblies that had been implemented by the states at the time of the Constitutional Convention?
a. the assemblies lacked real democratic mechanisms b. the assemblies violated the republican notions of a deliberative legislative body insulated from popular opinion c. the assemblies were voting to overturn slavery in the southern states d. the assemblies contradicted the values of a unitary system embedded in the philosophies of the Founders
Which event contributed most to an increase in the number of African American public officials?
A) the legal end of segregation in public schools B) the ratification of the Nineteenth Amendment C) the passage of major civil rights legislation in the 1960s D) the refinement of the constitutional requirements for office in the latter 1800s E) the lowering of the legal voting age to 18
What factors have led to (and helped maintain) the U.S. two-party system? Is this system preferable, or should America have a multiparty system?
What will be an ideal response?