Some states are required to balance their budgets. is this, Ask an Expert

Economics

Some states are required to balance their budgets. Is this measure stabilizing or destabilizing? Suppose all states were committed to a balanced budget philosophy and the economy moved into a recession. What effects would this philosophy have on the size of the federal deficit?

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Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M9478772

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