Explain why budget deficits appear to be cyclical. That is, why do deficits get bigger during recessions

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Explain why budget deficits appear to be “cyclical.” That is, why do deficits get bigger during recessions and smaller during expansions?

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Principles Of Macroeconomics The Way We Live

ISBN: 978-1429220200

1st Edition

Authors: Susan Feigenbaum ,R. W. Hafer

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Question Posted: Nov 07, 2024 08:00 AM

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Explain why budget deficits appear to be cyclical. That is, why do deficits get bigger during recessions and smaller during expansions?
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Explain why budget deficits appear to be cyclical. That is, why do deficits get bigger during recessions

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Principles Of Macroeconomics The Way We Live

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