Among economists, it is generally believed that
A) the federal budget deficit will be eliminated within 10 years.
B) the public debt will be paid off within 10 years.
C) entitlement spending will continue to decline.
D) the federal government will find it difficult to cut entitlement programs.
D
You might also like to view...
“Fiscal policy” is the federal government’s plan for
A. international trade, designed to balance exports and imports. B. spending and taxes, designed to influence the level of aggregate demand. C. manipulating the money supply and the control of interest rates. D. All of the above are correct.
The main reason for the decline in real wages in the 1970s and 1980s was
A. our high rate of productivity growth. B. our low rate of productivity growth. C. that so many housewives joined the labor force. D. people couldn't find jobs.