One rule that has been proposed for fiscal policy is that the government budget should be balanced

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One rule that has been proposed for fiscal policy is that the government budget should be balanced each year-no budget deficits. What position do you think each of the following groups of economists would take on this proposal?
a. New classical economists
b. Keynesians
c. Real business cycle theorists
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Macroeconomics Theories and Policies

ISBN: 978-0132831529

10th edition

Authors: Richard T. Froyen

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