Which of the following is a TRUE statement about arguments for and against requiring a balanced federal budget in the U.S.?
a.One argument against a required balanced federal budget is that sometimes it is necessary or beneficial to run large budget deficits in the short-run.
b.One argument against a required balanced federal budget is that this mandate cannot be added to the Constitution, and therefore, could not be enforced.
c.One argument against a required balanced federal budget is that the government does not have macroeconomic responsibilities
d.One argument in support of a required balanced federal budget maintains that having a balanced budget each year would make the impacts of economic recessions less severe.