Which of the following statements regarding discretionary and mandatory spending is correct?
A) Discretionary spending is authorized by permanent laws.
B) Mandatory spending may act as an automatic stabilizing force in the macro economy.
C) Discretionary spending has steadily grown as a percentage of the federal budget since the 1960s.
D) Mandatory spending programs include national defense, income security, and education.
Correct Answer:
Verified
Q9: _ are all examples of mandatory spending.
A)
Q23: Which one of the following is a
Q26: The portion of the national debt that
Q27: _ is the part of the budget
Q30: Social Security and Medicare are considered _
Q31: When economists warn about the crowding-out effect,
Q32: _ government spending, _ transfer payments, and
Q33: The largest source of federal government revenues
Q109: _ policy involves adjusting government spending and
Q219: Federal spending that is authorized by permanent
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents