Question: If the guidelines for fiscal policy are so simple, explain why the economy ever suffers from unemployment or inflation. The federal government establishes its budget
If the guidelines for fiscal policy are so simple, explain why the economy ever suffers from unemployment or inflation. The federal government establishes its budget to decide what programs to provide and how to pay for them. Discuss whether a constitutional amendment that would require the federal government to balance its budget (incur no deficits) be desirable. Explain what government programs you would cut in the pursuit of fiscal restraint
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