Exam 8: Government Budgeting

The Commission on Economy and Efficiency was established in an attempt to reduce the number of federal agencies created during World War II by former President Herbert Hoover in 1947.

Budgets can be used as guidelines for counting and recording income and expenditures; many fiscal and other public-policy functions can also be served through budgeting, including

During which step of the budgetary cycle is power given to incur financial obligations?

Which is not a fiscal policy tool?

The legislature is not directly involved in which step of the budgetary cycle?

Which budgetary approach requires the budget agency to adopt a policy role, is characterized by a systematic policy-making style, and has a scope that includes inputs, outputs, effects, and alternatives?

After both the Civil War and World War II, national government expenditures declined from their wartime peaks but remained significantly higher than prewar levels.

Budget making at the national, state, and local levels is characterized by institutional and political centralization.

U.S.government spending increased 75 percent from fiscal year (FY) 2005 to FY 2007.

As a U.S.Senator, Republican presidential candidate John McCain often voted for increased entitlement spending.

According to some economists, the "Great Recession" ended in

Total debt in the United States dramatically increased during the Bush Administration (2001-2009), while the size of the federal government

Which of the following was NOT true regarding the period 1866-1900?

An agency directly involved in administering monetary policy is the

Since the mid-1970s, total revenues (national plus state plus local) have declined while costs have increased, leading to increased competition among governments, deficit spending, and "cutback management."

Which of the following established a mandatory deadline for a balanced budget?

Which type of committee is responsible for overseeing annual budgets in their entirety?

The creation of the Executive Office of the President coincided with the rise of performance budgeting.

The first actions for budgetary reform were taken at what level of government?

Less than half of all national government expenditures during the 1980s were classified as "uncontrollable."