The Budget Enforcement Act of 1990 a was a package of spending cuts and tax increases designed
Question:
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The Budget Enforcement Act of 1990
a was a package of spending cuts and tax increases designed to reduce the deficit
b was a deficit reduction plan proposed by President Clinton
c succeeded in balancing the budget within two years
d identified defense and international programs as the only two areas of potential spending cuts
e gave the President the authority to make unilateral spending cuts to balance the budget
2)) The Employment Act of 1946
a | created the Council of Economic Advisers | |
b | established the Office of Management and Budget | |
c | centralized budgetary authority by establishing budget committees in the House and Senate | |
d | established the goal of a balanced budget | |
e | weakened the role of Congress in the budgetary process |
3)) The beginning of the formal budget process is signified by
a | Congress's submission to the President of the Budget of the United States | |
b | the submission of the Economic Report of the President to Congress | |
c | the President's submission to Congress of the Budget of the United States | |
d | passage of a budget resolution by Congress | |
e | the President signing the budget into law |
Principles of Macroeconomics
ISBN: 978-0134078809
12th edition
Authors: Karl E. Case, Ray C. Fair, Sharon E. Oster