Homework 8 Part 2: Federal Bu X MindTap - Cengage Learning X + C ng.cengage.com/staticb/ui/evo/index.html? deploymentld=58326429524367198800130137&elSBN=9781337915601&id=1567854371&snapshotld=3080673& * DE M Gmail YouTube Maps APA citations MindTap - Cengag... Q Practice Flashcar... S Ling 2000 Fall19.. Ling 106 hw 4.pdf course hero C My Overview | Ch... CENGAGE |MINDTAP Q Search this course ? Aplia Homework: Federal Budgets and Public Policy X Back to Assignment Attempts 0 0 Keep the Highest 0 / 2 A-Z 2. Budget philosophies O There are several important philosophies regarding budget balances. One way in which they differ is in terms of the time span over which the budget should be balanced. Another difference among budget philosophies involves whether the budget balance is as important as other economic goals. Which of the following budget philosophies advocates keeping the budget in balance every year, except during wartime? ? O Annually balanced budget O Cyclically balanced budget O Functional finance bongo A major problem with the implementation of this philosophy is that it: Relies upon government officials to budget for surpluses during boom times in order to cover deficits during recessions Can allow the national debt to burgeon with chronic deficits O Magnifies business cycle fluctuations O Grade It Now Save & Continue Continue without saving