Gokhale and Smetters (2003) found that the long-run fiscal imbalance in the U.S. government budget is caused A - by large discretionary expenditures. B - solely by entitlement programs for the elderly, largely Medicare. C - solely by entitlement programs for the elderly, largely Social Security. D - by government support programs for the poor.
Gokhale and Smetters (2003) found that the long-run fiscal imbalance in the U.S. government budget is caused A - by large discretionary expenditures. B - solely by entitlement programs for the elderly, largely Medicare. C - solely by entitlement programs for the elderly, largely Social Security. D - by government support programs for the poor.
Chapter15: Fiscal Policy
Section: Chapter Questions
Problem 1SQ
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Gokhale and Smetters (2003) found that the long-run fiscal imbalance in the U.S. government budget is caused
A - by large discretionary expenditures.
B - solely by entitlement programs for the elderly, largely Medicare.
C - solely by entitlement programs for the elderly, largely Social Security.
D - by government support programs for the poor.
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