Which of the following spending categories were in the top four largest categories of federal government expenditures in 2020? Check all that apply. The "Other" category National defense Agriculture Veterans' benefits

Describe the problems with passing a balanced budget amendment.

Which of the following best describes a fiscal policy tool? 1. Government spending II. Government taxes III. Interest rates. IV. Bank lending V. Financial capital markets I and II I and VI III, IV, and V

Discuss the differences between Keynesian (demand-side) and supply-side fiscal policies.

Why will direct taxes increase faster than per capita income?

For the U.S. government, which of the given is NOT an example of discretionary spending? defense spending science spending Medicaid Medicare   For the U.S. government, which of the given is NOT an example of mandatory spending? Medicare education spending Social Security interest on the national debt   Which type of spending currently takes up a larger proportion of the U.S. federal budget? Mandatory spending and discretionary spending take up an equal amount. mandatory spending discretionary spending

Which of the following is not a means of financing government spending? Government subsidies Personal income taxes O Printing new money O Issuing government bonds

Government debt in the United States can be categorized a number of different ways. For each debt definition, please indicate all of the scenarios which match that type of debt. The national debt includes Treasury bonds bought by First National Bank of Dallas. the government of China. the Social Security Administration. a citizen of Germany. a little old lady in Peoria.   The public debt includes Treasury bonds bought by First National Bank of Dallas. the government of China. a citizen of Germany. a little old lady in Peoria. the Social Security Administration.   Internally held debt includes bonds owned by the Social Security Administration. First National Bank of Dallas. the government of China. a citizen of Germany. a little old lady in Peoria.   Externally held debt includes bonds owned by the Social Security Administration. First National Bank of Dallas. the government of China. a citizen of Germany. a little old lady in Peoria.