4. Many people are concerned about large deficits in the federal budget. Rarely does the federal government balance its budget. a. Define balanced budget. b. Define federal entitlements. c. Identify an entitlement and explain how entitlements are a barrier to the federal government achieving a balanced budget. d. Describe a consequence of large budget deficits.

Brief Principles of Macroeconomics (MindTap Course List)
8th Edition
ISBN:9781337091985
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter18: Six Debates Over Macroeconomic Policy
Section: Chapter Questions
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3. Several characteristics of an interest group can enhance its influence over Congress. Because of the perception
that interest groups exert undue influence, Congress has regulated the influence of these groups.
a. Describe how each of these characteristics of an interest group can enhance its influence over Congress.
. Financial resources
• Expertise
• Size
b. Identify two ways in which Congress has regulated the influence of interest groups.
4. Many people are concerned about large deficits in the federal budget. Rarely does the federal government
balance its budget.
a. Define balanced budget.
b. Define federal entitlements.
c. Identify an entitlement and explain how entitlements are a barrier to the federal government achieving a
balanced budget.
d. Describe a consequence of large budget deficits.
Transcribed Image Text:3. Several characteristics of an interest group can enhance its influence over Congress. Because of the perception that interest groups exert undue influence, Congress has regulated the influence of these groups. a. Describe how each of these characteristics of an interest group can enhance its influence over Congress. . Financial resources • Expertise • Size b. Identify two ways in which Congress has regulated the influence of interest groups. 4. Many people are concerned about large deficits in the federal budget. Rarely does the federal government balance its budget. a. Define balanced budget. b. Define federal entitlements. c. Identify an entitlement and explain how entitlements are a barrier to the federal government achieving a balanced budget. d. Describe a consequence of large budget deficits.
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