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D. Has more money for research and development

Explanation:

functional finance

Can allow the national debt to burgeon with chronic deficits

Explanation:

Functional finance is a theory developed by Abba P. Lerne during the World War II. It encourages the government's intervention in the economy to achieve its goals and reduce economic insecurity. It is the current budget philosophy in the US

Advantage

It allows the government to stabilise the economy using fiscal policy

Disadvantage

it encourages deficit spending and this can increase the debt of a country

Annually balanced budget is a budget where at the end of every year, revenue must equal expenditure. this type of budget can magnify the business cycle.

A Cyclically balanced budget is when in a recession, the government makes use of expansionary fiscal policy and in a boom, the government makes use of a contractionary fiscal policy to stabilise the economy