1 Mandatory outlaysa) 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.

The federal funds can be divided into mandatory outlays, and discretionary outlays. The mandatory…

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 7SCQ: Go to this website (http://www.measuringworth.com/ppowerus/) for the Purchasing Power Calculator at...

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