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Halle Wright
on Oct 13, 2024

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For nearly all of 25 years the United States federal budget has been

A) a contractionary influence on the economy.
B) an expansionary influence on the economy.
C) a discretionary influence on the economy.
D) All of the choices are correct.

Federal Budget

The government's estimate of revenue and expenditure for a specific fiscal year, detailing how public funds will be allocated.

Contractionary Influence

Economic policies or conditions intended to reduce the size of the economy by decreasing the money supply or government expenditures, typically to combat inflation.

Expansionary Influence

Activities or policies designed to stimulate economic growth or expansion, often through increased spending or tax cuts.

  • Explain the role of fiscal policy in stabilizing the economy and the limitations of automatic stabilizers.
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JR
Johnny RodriguezOct 18, 2024
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