Exam 6: Budgeting and the Public Finances

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From start to finish, the process of establishing and executing a federal budget for one year takes about

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Sequestration is associated with

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The judiciary considers limited resources to be a legitimate excuse for failing to protect someone's constitutional rights.

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The chief advantage of ZBB over PPBS is that it gives interest groups greater access to budget making.

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John Maynard Keynes introduced the concept of countercyclical fiscal policy which, in theory, would act as a great stabilizing tool in our economy. Over the years, there have been pushes for a balanced budget amendment to the Constitution, which would effectively preclude the use of Keynesian economics. Do you favor a balanced budget amendment? Why or why not? In your opinion, has incrementalism effectively precluded the use of Keynesian economics, or do we still have a need for the Keynesian approach?

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In 2007, the greatest proportion of federal government spending went toward

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The chief benefit of incremental budgeting is that programs cannot be continued unless they have clear goals.

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The Budget Enforcement Act of 1990

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Proposition 13 in California and Proposition 2½ in Massachusetts are examples of

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The Appropriations Committees in the House and Senate are responsible for establishing the budget's maximum spending authority.

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The Budget Control and Impoundment Act of 1974 established the Congressional Budget Office.

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The New Public Management favors financing agencies through user fees.

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14. The Employment Act of 1946 embraced the concept of counter cyclical fiscal policy.

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State legislatures tend to play a smaller role than Congress in budgeting.

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A legislative action canceling budget authority previously provided by Congress is called a

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Zero-base budgeting

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The Government Performance and Results Act (GPRA), passed by Congress in 1993, most closely seeks to

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The total government spending (the combined spending of all governments in the United States) accounts for about what percent of the GDP?

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Sunset provisions

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When considering raising governmental revenues which of the following general concerns needs to be considered

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