An annually balanced budget

A) is the same as a cyclically balanced budget.
B) is opposed by many economists because it would require cutting spending and raising taxes during recession,which might very well produce a depression.
C) requires a constitutional amendment.
D) requires the Congress and the President to approve special legislation authorizing the balanced budget.
E) is advocated by Keynesians.

Balanced Budget

A financial situation where revenues are equal to expenditures, resulting in no deficit or surplus.

Recession

A significant decline in economic activity spread across the economy, lasting more than a few months, visible in real GDP, real income, employment, industrial production.

Constitutional Amendment

A formal change or addition to a constitution, often requiring a specific process and approval to be enacted.