Asked by
Scottie Lawrence
on Oct 13, 2024
Verified
Balancing the federal budget over the business cycle requires
A) deficits incurred during economic slumps that are offset by surpluses during economic booms.
B) raising taxes and cutting spending during stagflation.
C) rapid increases in the national debt during national emergencies.
D) matching deficits and surpluses each time Earth orbits the sun.
E) that the national debt grow only as fast as GDP grows.
Federal Budget
An annual financial statement presented by the government, detailing its expected revenue and proposed spending for the coming fiscal year.
Economic Booms
Periods of significant economic growth and prosperity, often characterized by increased production, sales, and employment rates.
- Master the essential aspects of fiscal policy and its utilization in preserving economic equilibrium.
- Grasp the long-term implications of national debt management and fiscal policy decisions.
Verified Answer
AD
Learning Objectives
- Master the essential aspects of fiscal policy and its utilization in preserving economic equilibrium.
- Grasp the long-term implications of national debt management and fiscal policy decisions.