Which of the following is a TRUE statement about arguments for and against requiring a balanced federal budget in the U.S.? Group of answer choices One argument against a required balanced federal budget is that sometimes it is necessary or beneficial to run large budget deficits in the short-run. One argument against a required balanced federal budget is that the government does not have macroeconomic responsibilities One argument in support of a required balanced federal budget maintains that having a balanced budget each year would make the impacts of economic recessions less severe. One argument against a required balanced federal budget is that this mandate cannot be added to the Constitution, and therefore, could not be enforced.
Which of the following is a TRUE statement about arguments for and against requiring a balanced federal budget in the U.S.? Group of answer choices One argument against a required balanced federal budget is that sometimes it is necessary or beneficial to run large budget deficits in the short-run. One argument against a required balanced federal budget is that the government does not have macroeconomic responsibilities One argument in support of a required balanced federal budget maintains that having a balanced budget each year would make the impacts of economic recessions less severe. One argument against a required balanced federal budget is that this mandate cannot be added to the Constitution, and therefore, could not be enforced.
Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter18: Debates In Macroeconomics Over The Role And Effects Of Government
Section18.10: Demand-side And Supply Side Views Of The Economy And Government Tools For The Changing Real Gdp
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Which of the following is a TRUE statement about arguments for and against requiring a balanced federal budget in the U.S.?
Group of answer choices
One argument against a required balanced federal budget is that sometimes it is necessary or beneficial to run large budget deficits in the short-run.
One argument against a required balanced federal budget is that the government does not have macroeconomic responsibilities
One argument in support of a required balanced federal budget maintains that having a balanced budget each year would make the impacts of economic recessions less severe.
One argument against a required balanced federal budget is that this mandate cannot be added to the Constitution, and therefore, could not be enforced.
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