Mandatory outlays a) cannot be altered once they are made into law. O b) require changes in existing laws if those outlays are to be altered. Od are a minor component of total outlays, and so are usually ignored. Od) are another name for discretionary outlays. e) usually change during the budget process.
Mandatory outlays a) cannot be altered once they are made into law. O b) require changes in existing laws if those outlays are to be altered. Od are a minor component of total outlays, and so are usually ignored. Od) are another name for discretionary outlays. e) usually change during the budget process.
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter22: Inflation
Section: Chapter Questions
Problem 8SCQ: If inflation rises unexpectedly by 5, would a state government that had recently borrowed money to...
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![Mandatory outlays
a) cannot be altered once they are made into law.
b) require changes in existing laws if those outlays are to be altered.
c) are a minor component of total outlays, and so are usually ignored.
Od) are another name for discretionary outlays.
O e) usually change during the budget process.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fef6582d9-5477-459e-a875-8df54c7094ea%2F72044048-bad1-4dda-89cd-8f822fe679e4%2Fx5sm3g_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Mandatory outlays
a) cannot be altered once they are made into law.
b) require changes in existing laws if those outlays are to be altered.
c) are a minor component of total outlays, and so are usually ignored.
Od) are another name for discretionary outlays.
O e) usually change during the budget process.
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