A constitutional amendment is passed that requires the government to have an annually balanced budget in the sense that changes in spending should be matched by equivalent changes in taxes. Should the government desire to increase GDP by $25 billion and meet the provisions of the law it:
A. Cannot possibly reach its objective without breaking the law
B. Could increase spending by $25 billion and reduce taxes by $25 billion
C. Could increase spending by $25 billion and increase taxes by $25 billion
D. Could increase spending by $30 billion and increase taxes by $25 billion
C. Could increase spending by $25 billion and increase taxes by $25 billion
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The U. S. committed itself to creating a free trade zone between the U.S., Canada and Mexico. Why might this be important? Relative to imports and exports to other nations, what is the size of these two North American trading partners trade relationship with the U.S.?
In 2008, the Los Angeles Times asked members of the American public whether free international trade has helped or hurt the economy. Of those surveyed,
a. 57 percent said free international trade helped the economy. b. 26 percent said free international trade helped the economy. c. 30 percent said free international trade hurt the economy. d. 16 percent said free international trade hurt the economy.