Asked by
julia mickelson
on Nov 11, 2024
Verified
A possible explanation for the persistence of the U.S.federal budget deficits is that:
A) it is easier politically to increase government spending than to decrease taxes.
B) it is easier politically to decrease government spending than to decrease taxes.
C) it is easier politically to increase government spending than to increase taxes.
D) the economy naturally tends toward recessions.
E) the economy naturally tends toward full employment.
Federal Budget Deficits
The excess of federal government expenditures over its revenues within a given fiscal year, leading to borrowing or debt accumulation.
Government Spending
Expenditures made by the government sector on goods and services, including infrastructure, education, and security, to influence the economy.
Taxes
Compulsory financial charges or some other type of levy imposed upon a taxpayer by a governmental organization.
- Recognize the economic and political obstacles in administering deficits in the federal budget.
Verified Answer
AA
Learning Objectives
- Recognize the economic and political obstacles in administering deficits in the federal budget.