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Sublight2097 Sublight2097
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Posts: 4132
8 years ago
According to the text, which of the following consequences could we predict most confidently if the federal government was effectively required, by a constitutional amendment, to match expenditures and tax revenues (balance the budget) in each fiscal year?
A) An end to discretionary fiscal policy
B) An end to efforts to manipulate the economy for partisan political purposes
C) Frequent and sudden changes in previously legislated tax rates and expenditure commitments
D) Less unemployment but more inflation
Textbook 
The Economic Way of Thinking

The Economic Way of Thinking


Edition: 13th
Authors:
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VincenzoDVincenzoD
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8 years ago
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Sublight2097 Author
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8 years ago
Seriously, you've been tremendously helpful! Thank you.
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