In contrast to the federal government budget of the us the


In contrast to the federal government budget of the US, the budgets of the individual states

A. have no effect on aggregate demand.

B. are required by law to stay in balance, or fairly close to balance.

C. have a strong automatic stabilizing effect over the business cycle.

D. can be kept in balance during recession even without cuts in services or tax increases.

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Business Economics: In contrast to the federal government budget of the us the
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