Author Question: Which of the following is true of an annually balanced federal budget? a. Most economists agree ... (Read 119 times)

james · **on:** Jun 30, 2018

Which of the following is true of an annually balanced federal budget?
a. Most economists agree that the federal government should balance its budget just as each household does.
b. Such a policy would require the government to increase its spending when tax receipts decrease.
c. Such a policy became popular between the 1930s and 1960s.
d. Such a policy guarantees that the economy is its potential level.
e. Such a policy could worsen a contractionary gap.

Question 2

Structural unemployment refers to unemployment that results from:
a. inefficiencies in the market for labor that prolong the job search.
b. being in the wrong geographical location.
c. the specialization and division of labor.
d. seasonal decreases in demand for labor.
e. a recession in the economy.