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Keynesian economics defends budget balance. However, according to economists, budget balance may exacerbate the effects of the business cycle. Isn't it also a Keynesian view to use discretionary policy to smoothen the business cycles? Aren't those two views contradictory?

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Economics: Private and Public Choice (MindTap Course List)
Economics: Private and Public Choice (MindTap Course List)
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ISBN: 9781305506725
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Publisher: Cengage Learning
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