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Chronic budget deficits can be attributed to a

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36.Chronic budget deficits can be attributed toA.unfunded liabilities.B.voters wanting government programs but not wanting to pay taxes.C.inappropriate monetary policy.D.state budget laws.
AACSB: Knowledge ApplicationAccessibility:Keyboard NavigationBlooms: UnderstandDifficulty:02 MediumLearning Objective: 05-02 Discuss government failure and explain why it happens.Test Bank: ITopic:Government Failure37.Which of the following impacts would economists expect to result from chronic budgetdeficits?
AACSB: Knowledge ApplicationAccessibility:Keyboard NavigationBlooms: UnderstandDifficulty:02 MediumLearning Objective: 05-02 Discuss government failure and explain why it happens.5-14
Test Bank: ITopic:Government Failure38.The estimated value of the U.S. government's unfunded liability to Social Security is
AACSB: Knowledge ApplicationAccessibility:Keyboard NavigationBlooms: UnderstandDifficulty:02 MediumLearning Objective: 05-02 Discuss government failure and explain why it happens.Test Bank: ITopic:Government Failure39.Government changes in interest rates to regulate the economy are part of
AACSB: Knowledge ApplicationAccessibility:Keyboard NavigationBlooms: UnderstandDifficulty:02 MediumLearning Objective: 05-02 Discuss government failure and explain why it happens.Test Bank: ITopic:Government Failure40.Government fiscal policy involves changing which of the following?A.interest ratesB.taxes and government spendingC.regulations on businessD.the amount of money in circulation
AACSB: Knowledge ApplicationAccessibility:Keyboard NavigationBlooms: UnderstandDifficulty:02 Medium5-15
Learning Objective: 05-02 Discuss government failure and explain why it happens.Test Bank: ITopic:Government Failure41.To curb the problem of voters wanting immediate benefits and deferred costs, many stategovernments in the United States have
AACSB: Knowledge ApplicationAccessibility:Keyboard NavigationBlooms: UnderstandDifficulty:02 MediumLearning Objective: 05-02 Discuss government failure and explain why it happens.Test Bank: ITopic:Government Failure

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Term
Fall
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Economics, Monetary Policy, Federal government of the United States, AACSB

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