Author Question: If the fiscal year begins without a budget and Congress fails to pass continuing resolution, then: ... (Read 74 times)

AEWBW · **on:** Jun 30, 2018

If the fiscal year begins without a budget and Congress fails to pass continuing resolution, then:
a. the president has the right to raise the debt ceiling.
b. federal agencies operate on the basis of the previous year's budget.
c. the interest rate paid on the national debt automatically increases.
d. the federal government shuts down.

Question 2

That part of disposable income not spent on consumption is defined as:
a. transitory disposable income.
b. permanent disposable income.
c. disposable income.
d. autonomous consumption.
e. saving.