Simplifying the budget document by concentrating only on major groupings and eliminating line items would:
a. ensure that cabinet members spend more time on administering an approved budget and defending a proposed budget.
b. require longer-term economic forecasts that are difficult to obtain
c. prevent elected officials from including projects they prefer for their personal gains in the budget.
d. increase the flexibility of the discretionary fiscal policy implemented by the federal government.
e. require shorter-term economic forecasts that are easy to obtain.
c
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Refer to Figure 4.6, which shows David's and Celeste's individual supply curves for flower arrangements per week. Assuming David and Celeste are the only producers in the market, if the market quantity supplied is 350, the price must be
A) $10. B) $20. C) $30. D) $40.
In Macroland, autonomous consumption equals 100, the marginal propensity to consume equals 0.75, net taxes are fixed at 40, planned investment is fixed at 50, government purchases are fixed at 150, and net exports are fixed at 20. Planned aggregate expenditure equals:
A. 320 + 0.25Y. B. 320 + 0.75Y. C. 290 + 0.25Y. D. 290 + 0.75Y.