Asked by
daniel ondera
on Nov 11, 2024Verified
The problem with a detailed federal government budget is that:
A) monetary policy becomes more difficult to implement.
B) it reduces the flexibility of discretionary fiscal policy.
C) Congress cannot keep it up to date.
D) there is a shortage of congressional committees that deal with the budget.
E) there is a short review period,resulting in poor choices in funding programs.
Discretionary Fiscal Policy
Government policy that involves adjustable spending and taxation measures to influence the economy, based on current economic conditions.
Monetary Policy
Actions taken by a central bank to control the money supply and interest rates in an economy.
Federal Government Budget
A financial statement presenting the government's proposed revenues and spending for a financial year.
- Become familiar with the challenges and boundaries of the U.S. federal budget process.
Verified Answer
ES
Learning Objectives
- Become familiar with the challenges and boundaries of the U.S. federal budget process.