lilacant739Lv1
14 Nov 2021
Problem 49
Page 741
Section: CRITICAL THINKING QUESTIONS
Chapter 30: Government Budgets and Fiscal Policy
Textbook ExpertVerified Tutor
14 Nov 2021
Introduction
Balanced budget:
A balanced budget rule will compel the state to have annual tax revenue equivalent to annual spending. That suggests that if the administration has been unable to cover all the expenses due to unanticipated events, the budget deficit should not rise. However, in such instances, debt growth will be limited.
Unlock all Textbook Solutions
Already have an account? Log in