Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

If the national debt rises to the debt ceiling and there is currently a budget ____, the Congress and the President must agree to ____

If the national debt rises to the debt ceiling and there is currently a budget ____, the Congress and the President must agree to ____ the debt ceiling or else the federal government will have insufficient funds to pay its bills and will be forced to shut down.

a. surplus, lower

b. deficit, raise

c. surplus, lower

d. none of the above

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Environmental Economics

Authors: Stephen Smith

6th Edition

0199583587, 9780199583584

More Books

Students also viewed these Economics questions

Question

What are the key operators used?

Answered: 1 week ago

Question

5. Give some examples of hidden knowledge.

Answered: 1 week ago