An annually balanced budget:

A) is the surest path to economic stability.
B) is required by the U.S.Constitution.
C) dampens cyclical swings by decreasing government spending during expansions and increasing it during recessions.
D) accentuates cyclical swings by increasing government spending during expansions and reducing it during recessions.
E) is a goal that has only been achieved twice in the past 5 years.

Annually Balanced Budget

A financial plan where government's revenues are equal to its expenditures within a one-year period, resulting in no deficit.

Economic Stability

The condition of an economy characterized by steady growth, low inflation, and low unemployment, indicating overall health.

Cyclical Swings

Refers to the fluctuations in economic activity that occur over time, typically involving periods of economic expansion and contraction.