MACROWSNotes51.pdf - 185 Award 1.00 point Many state and...

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185. Award: 1.00 point 186. Award: 1.00 point Many state and local governments in the U.S. have balanced-budget laws in order to prevent politicians from creating a "small government" economy. succumbing to voters' strong preference for budget deficits. facing a principal-agent problem. collecting too much taxes. References Multiple Choice Difficulty: 02 Medium Learning Objective: 05-02 Discuss government failure and explain why it happens. All of the following are consequences of a government's having to deal with a "debt crisis," except very restricted ability to borrow money. being forced to drastically raise taxes. being forced to make drastic cuts in spending. being forced to make huge increases in government spending. References Multiple Choice Difficulty: 02 Medium Learning Objective: 05-02 Discuss government failure and explain why it happens.
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187. Award: 1.00 point 188. Award: 1.00 point In the U.S., the Federal government runs a chronic budget deficit, whereas many state and local
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  • Three '16
  • LENNY LIE
  • Macroeconomics, Federal government of the United States, Government failure, 05-02 Discuss

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