Explain why states required by their constitutions to balance their budgets are likely to experience more severe

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Explain why states required by their constitutions to balance their budgets are likely to experience more severe economic fluctuations than states not held to that requirement.

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Macroeconomics

ISBN: 9781319245269

6th Edition

Authors: Paul Krugman, Robin Wells

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Question Posted: Feb 16, 2024 04:01 AM

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Explain why states required by their constitutions to balance their budgets are likely to experience more severe

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States that are required by their constitutions to balance their budgets may face more severe economic fluctuations for several reasons Inflexibility ...View the full answer

Macroeconomics

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