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Economists who believe in sound finance would say that in a recession, the government should: Multiple Choice maintain a balanced budget for political and moral
Economists who believe in sound finance would say that in a recession, the government should: Multiple Choice maintain a balanced budget for political and moral reasons. maintain a balanced budget because the Ricardian equivalence theorem is true in practice. run a budget deficit despite the truth of the Ricardian equivalence theorem. run a budget deficit because the Ricardian equivalence theorem is true both in theory and in practice
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