Explain why requiring the federal government to balance its budget each year would limit its ability to
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Explain why requiring the federal government to balance its budget each year would limit its ability to respond to an economic downturn. Many states do require balanced budgets. Why might this policy exacerbate an economic downturn in a state?
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Requiring the federal government to balance its budget each year would limit its ability to respond to an economic downturn primarily because it const...View the full answer
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Related Book For 
Principles Of Economics
ISBN: 9781319330156,9781319419769
2nd Edition
Authors: Betsey Stevenson, Justin Wolfers
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