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Trinity Costa
on Oct 13, 2024

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If we passed a constitutional amendment requiring a balanced budget every year,this would probably

A) make an existing recession worse.
B) bring us out of a recession.
C) create inflation.
D) have no economic impact.

Constitutional Amendment

A formal change or addition to the constitution, requiring a specific procedure for proposal and ratification as outlined in the constitution itself.

Existing Recession

A period of temporary economic decline during which trade and industrial activity are reduced, already currently in place.

Balanced Budget

A Balanced Budget occurs when total revenues equal total expenses within a specific period, indicating financial stability without surplus or deficit.

  • Understand the role of government spending, taxation, and budget policies in economic stabilization.
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TF
Thomessa FreshwaterOct 17, 2024
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