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

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

Step by Step Solution

★★★★★

3.42 Rating (161 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

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

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (1 attachment)

Word file Icon

1297-B-E-M-E(8684).docx

120 KBs Word File

Students Have Also Explored These Related Economics Questions!

Q:

Explain the Keynesians' objections to fixed rules for fiscal policy, such as a constitutional amendment that would mandate a balanced federal budget?

Q:

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...

Q:

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....

Q:

This week, we will focus on fiscal policy. Answer the following questions: What are the government's fiscal policy options for moving the economy out of recession? If the guidelines for fiscal policy...

Q:

If the guidelines for fiscal policy are so simple, explain why the economy ever suffers from unemployment or inflation. The federal government establishes its budget to decide what programs to...

Q:

\"- This week, we will focus on fiscal policy. Answer the following questions: 1. What are the government's fiscal policy options for moving the economy out of recession? 2. If the guidelines for...

Q:

we will focus on fiscal policy. Answer the following questions: What are the government's fiscal policy options for moving the economy out of recession? If the guidelines for fiscal policy are so...

Q:

Would a constitutional amendment that would require the federal government to balance its budget (incur no deficits) be desirable? Explain. L05

Q:

Please help with this homework: There are three related to CH 12 Fiscal Policy. If you provide some numbers to support your opinion, please cite the source of reference. 1.In the Keynesian view,...

Q:

Please help with my homework, please no plagiarism... There are three related to CH 12 Fiscal Policy. If you provide some numbers to support your opinion, please cite the source of reference. 1.In...

Q:

Block Holdings was incorporated ten years ago by Mr Block and Mrs Block, who were the initial shareholders and directors. Mr Block and Mrs Block had for many years been involved in property...

Q:

Explain why estimates are required to calculate expected present value when conditions are not ideal.

Q:

Atreasury bill currently sells for $ 9 , 8 5 7 , has a face value of $ 1 0 , 0 0 0 and has 6 9 days to maturity. What is the Yimequivalent yield on this security? Please round your answer to the...

Q:

5. Each state of the 50 in the United States has two senators. For each state, the senator with greater longevity in the chamber is the senior senator, and the other one is the junior senator of that...

Q:

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,...

Q:

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...

Q:

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...

Q:

b-2. Which, if either, of these projects should be chosen if the appropriate discount rate is 16 percent? Project A Project B Both projects Neither project

Q:

) LPD Logistics, Inc.'s projected sales for the first six months of 2010 are given below. Jan. $300,000 April $350,000 Feb. $350,000 May $500,000 Mar. $475,000 June $400,000 20% of sales are...

Q:

In a random sample of 100 measurements, the mean is 33.9 and the standard deviation is 3.3. Using a 95% confidence interval, what is margin of error = +- lower limit of confidence interval = upper...