ECO 203 Week 5 DQ1

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ECO 203 Week 5 DQ1

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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ECO 203 Week 5 - DQ 1 - Balanced Budgets.doc
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