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Earn +20 ptsQ: An example of mandatory spending is financing for?
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Continue Learning about American Government
Most federal mandatory spending is spent on?
Most federal mandatory spending is spent on entitlements.
What is mandatory spending?
refers to spending set by annual appropriation levels made by decision of Congress.
The federal government's practice of spending more than it takes in results in deficit financing is this true or false?
This statement is true. Deficit spending is the spending of more than the government takes in.Ê This is a fairly common practice.
How does deficit financing add to the public debt?
deficit financing adds to public debt because it is regularly spending more than it takes in each year-and then borrows to make up the difference.
What is an example of the use of fiscal policy by the US government?
The Department of Transportation increases spending on highway repairs.
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