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.
Chapter17: Federal Deficits, Surpluses, And The National Debt
Section: Chapter Questions
Problem 7SQP
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Question
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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