Asked by
Misty Lowery
on Nov 11, 2024Verified
A(n) _____ is a budget philosophy that was followed prior to the Great Depression that aimed at matching annual revenues with outlays,except during war time.
A) annually balanced budget
B) annual surplus budget
C) biennial deficit budget
D) biennially balanced budget
E) cyclically balanced budget
Annually Balanced Budget
A fiscal policy goal where government revenues and expenditures are equal within a one-year period, preventing deficit or surplus.
Great Depression
A major global financial crisis that occurred in the 1930s.
Annual Revenues
The total amount of income generated by a business, government, or organization from its activities over the course of a year before any costs or expenses are deducted.
- Investigate the outcomes of contrasting budget strategies on the preservation and enhancement of economic conditions.
Verified Answer
AM
Learning Objectives
- Investigate the outcomes of contrasting budget strategies on the preservation and enhancement of economic conditions.