Author Question: The beginning of the formal budget process is signified by: a. in the form of the Economic Report ... (Read 47 times)

Melani1276 · **on:** Jun 30, 2018

The beginning of the formal budget process is signified by:
a. in the form of the Economic Report of the President.
b. in a report followed shortly by the Economic Report of the President.
c. at the beginning of the fiscal year.
d. in a report that should be voted up or down within 60 days.
e. in a report that requires a two-thirds vote for ratification.

Question 2

If the price of a good increases compared to the base year, then the price level also increases.
a. True
b. False
Indicate whether the statement is true or false