Explain why states required by their constitutions to balance their budgets are likely to experience more severe
Question:
Explain why states required by their constitutions to balance their budgets are likely to experience more severe economic fluctuations than states not held to that requirement.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
States that are required by their constitutions to balance their budgets may face more severe economic fluctuations for several reasons Inflexibility ...View the full answer
Answered By
Allan Simiyu
I am an adroit Writer. I am a dedicated writer having worked as a writer for 3 years now. With this, I am sure to ace in the field by helping students break down abstract concepts into simpler ideas.
5.00+
8+ Reviews
54+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
1. In the classical model, it is thought that the long-run: A. and short-run aggregate supply curves are both upward sloping. B. aggregate supply curve is vertical and the short-run aggregate supply...
-
Introduction In 2010, New United Motor Manufacturing, Inc., a unique and highly successful joint venture between Americas General Motors and Japans Toyota, went out of business. NUMMI, as the...
-
Weatherford International The oilfield services industry includes thousands of companies large and small that provide drilling, seismic testing, transportation, and a wide range of other services to...
-
Which will undergo the greater rate of cooling: a red-hot poker in a warm oven or a red-hot poker in a cold room (or do both cool at the same rate)?
-
Based on library and Internet research and experiences of others, obtain information about effective interviewing techniques. Prepare a video that presents appropriate and inappropriate actions one...
-
In the video, the potential car buyer is concerned about the impact of the value of the euro on the price of the BMW. Why, if he is paying for the car in US dollars, do you think that he is impacted...
-
Data extracted from a year-end balance sheet are shown below. Compute the working capital for this firm. What would the current ratio be, and what is the significance for this firm? Accounts payable...
-
Your supervising attorney asks you to locate the digest topic and key numbers for the Glover v.Lockheed Corp. case listing. He remembers it is a Federal Supplement case, but he cannot remember the...
-
At the end of the accounting period, Harris Company had $6,000 of par value common stock issued, additional paid in capital of $5,500, retained earnings of $6,000, and $2,000 of treasury stock. What...
-
The Solana power plant covers three square miles of the Sonoran Desert in Gila Bend, Arizona, about 70 miles from Phoenix. Whereas most solar installations rely on photovoltaic panels that convert...
-
Why is the cyclically adjusted budget balance a better measure of whether government policies are sustainable in the long run than the actual budget balance is?
-
In Problems 11 54, simplify each expression. Assume that all variables are positive when they appear. 3-40x14y10
-
Identify critical issues and emerging concerns faced by older Americans?
-
14 1. Using a binomial interest rate tree, fill out the table below. (100 points) 15 The first four columns are inputs. P0.5 is the price of a six-month zero-coupon bond. P1 and CR 16 respectively,...
-
1. The following table contains missing data. Marginal Opportunity product of labor wheat cloth Home Foreign 1 a. Fill in the table. 4 1 Home Foreign cost wheat cloth 0.5 No-Trade equilibrium Labor...
-
11. (4pts) Moral licensing refers to the notion that if someone has done something good or kind, they feel they have greater license to do something bad or unkind afterward. Given the model below,...
-
lets consider our bar in the long-run if the town removes the need for service establishments to have a liquor license in order to serve alcoholic beverages. In the longrun, this moves the alcohol...
-
Camp Manufacturing turns over its inventory eight times each year, has an average payment period of 35 days, and has an average collection period of 60 days. The firms annual sales are $3.5 million....
-
Find the equation of the plane passing through the points P 5,4,3 ,Q 4,3,1 and R 1,5,4
-
The waters off the North Atlantic coast were once teeming with fish. But due to overfishing by the commercial fishing industry, the stocks of fish became seriously depleted. In 1991, the...
-
For the last 70 years the Canadian government has used price supports to provide income assistance to Canadian farmers. To implement these price supports, at times the government has used price...
-
In many European countries high minimum wages have led to high levels of unemployment and underemployment, and to a two-tier labour system. In the formal labour market, workers have good jobs that...
-
Public companies are required to disclose information about their governance structure, including information about their board of directors and its committees. Public companies also must disclose...
-
Think about a job search you've conducted in the past. How did you learn about the jobs that were available? How is the job search process in Canada different from your previous country? How do you...
-
Discuss the role of support staff, teachers, and/or community members in the interview process for hiring new teachers as outlined in Personnel Priorities in Schools Today chapter two....
Study smarter with the SolutionInn App