If provinces were legally bound to have annually balanced budgets, they would likely: Select one: have less severe business cycles than they would otherwise. b. have more severe business cycles than they would otherwise. O c. grow faster than they would otherwise. O d. have a better quality of life than they would otherwise.

If provinces were legally bound to have annually balanced budgets, they would likely: Select one: have less severe business cycles than they would otherwise. b. have more severe business cycles than they would otherwise. O c. grow faster than they would otherwise. O d. have a better quality of life than they would otherwise.

Macroeconomics: Private and Public Choice (MindTap Course List)

16th Edition

ISBN:9781305506756

Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

ChapterST4: Keynes And Hayek: Contrasting Views On Sound Economics And The Role Of Government

Section: Chapter Questions

Problem 5CQ

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