Would a constitutional amendment that would require the federal government to balance its budget (incur no deficits)

Question:

Would a constitutional amendment that would require the federal government to balance its budget (incur no deficits) be desirable? Explain.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Essentials of Economics

ISBN: 978-1259235702

10th edition

Authors: Bradley Schiller, Karen Gebhardt

See More Books

Question Posted: Aug 30, 2017 11:54 PM

See More Questions

Explain the Keynesians' objections to fixed rules for fiscal policy, such as a constitutional amendment that would mandate a balanced federal budget?
Imagine that Congress passes a constitutional amendment requiring the U.S. government to maintain a balanced budget at all times. Thus, if the government wishes to change government spending, it must...
A constitutional amendment has been proposed that would force the federal and provincial governments to balance their budgets each year so that current expenditure would be no greater than revenue....
Listed below are measured amounts of caffeine (mg per 12 oz of drink) obtained in one can from each of 20 brands (7-UP, A&W Root Beer, Cherry Coke, . . . , Tab). Are the statistics representative of...
Consider a linear time-invariant discrete-time system for which the input x[n] and output y[n] are related by the second-order difference equation y[n ? 1] + 1/3 y[n ? 2] = x[n]. ?From the following...
What is meant by shadow banking? How has it posed systemic risk concerns? Do regulatory authorities have authority to deal with problems caused by shadow banks?
The beam is made from southern pine and is supported by base plates resting on brickwork. If the allowable bearing stresses for the materials are ( pine ) allow = 2.81 ksi and ( brick ) allow = 6.70...
The following data come from the financial records of Bynum Corporation for 2011. Required How many times was interest earned in 2011? Sales Interest expense Income tax expense Net income $840,000...
Berset Inc. (BI) has just issued semi-annual coupon bonds with 12 years to maturity and a face value of $1,000 per bond. The bonds make semi-annual coupon payments of $60. What is the price of one...
Modify the proof of Theorem 3.16 to obtain Corollary 3.19, showing that a language is decidable iff some nondeterministic Turing machine decides it. (You may assume the following theorem about trees....
At the end of 2012 businesses bought more inventory, increasing GDP. What would happen if consumers didn't buy those goods?
What government programs would you cut in the pursuit of fiscal restraint?
Explain the universality of traits of effective leaders.
The "Pick 3 " at horse racetracks requires that a person select the winning horse for three consecutive races. If the first race has nine entries, the second race eight entries, and the third race...
A quality engineer samples 100 steel rods made on mill $A$ and 150 rods made on mill $B$. Of the rods from mill $\mathrm{A}, 88$ meet specifications, and of the rods from mill B, 135 meet...
Pamrod Manufacturing acquired all the assets and liabilities of Stafford Industries on January 1, 20X2, in exchange for 4,000 shares of Pamrods $20 par value common stock. Balance sheet data for both...
How many permutations are there of the words given in Problems 33-42? OBFUSCATION
How many three-digit numbers can be formed using the numerals $\{3,4,6,7\}$ without repetition?
On January 1, 2021, Zaur Companys general ledger had these liability accounts: Accounts payable ........................................................... $63,700 Unearned revenueloyalty program...
Draw the major product for each of the following reactions: (a) (b) (c) 1) 9-BBN 2) H2O2, NaOH 1) Disiamylborane 2) H20, NaOH
We saw that in calculating the stimulus package's effect on real GDP, economists in the Obama administration estimated that the government purchases multiplier has a value of 1.57. John F. Cogan,...
Suppose that at the same time Congress and the president pursue an expansionary fiscal policy, the Federal Reserve pursues an expansionary monetary policy. How might an expansionary monetary policy...
Wall Street Journal writers Josh Zumbrun and Nick Timiraos published answers to several of their readers' questions regarding the federal government's debt. Two of the questions were: a. Why is...
Under what conditions would the National Building Code (N.B.C.) be used, as opposed to the Ontario Building Code (O.B.C.)?
Each month I have to lie on my expense report in order to get reimbursed for an honest business lunch," is example of?
Secondary Analysis: This week visit the Keizer Online Library and find a full-text article on secondary analysis in research. Find a full-text article, download it, highlight it, and upload it to the...

Would a constitutional amendment that would require the federal government to balance its budget (incur no deficits)

Question:

Step by Step Answer:

From a Keynesian perspective it would not The requirement to m...View the full answer

Essentials of Economics

Students also viewed these Economics questions