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Question: Robert Dunn, in the August 19, 2001, issue of the New York Times noted that "a federal budget surplus should decline in an economic downturn like this one, and attempts to "protect the surplus" by cutting expenditures, as some Republicans wish or by increasing taxes, as Democratic leaders in Congress have suggested, is madness." Is he right? Why or why not?

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M92292213

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