Author Question: A budget philosophy using fiscal policy to achieve the economy's potential GDP, rather than ... (Read 61 times)

tatyanajohnson · **on:** Jun 30, 2018

A budget philosophy using fiscal policy to achieve the economy's potential GDP, rather than balancing budgets either annually or over the business cycle, is termed:
a. budget finance.
b. functional finance.
c. crowding out.
d. crowding in.
e. deficit finance.

Question 2

Juanita worked for a defense contractor in the United States. During the 2008 recession, the government cut spending and Juanita and ninety-nine others were laid off. In such a case, the unemployment Juanita is experiencing is _____.
a. cyclical
b. structural
c. seasonal
d. frictional
e. voluntary