ECON: MACRO4 (with CourseMate, 1 term (6 months) Printed Access Card) (New, Engaging Titles from 4LTR Press)
ECON: MACRO4 (with CourseMate, 1 term (6 months) Printed Access Card) (New, Engaging Titles from 4LTR Press)
4th Edition
ISBN: 9781285423623
Author: William A. McEachern
Publisher: Cengage Learning
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Chapter 12, Problem 2.3PA
To determine

Difference among annually balanced budget, cyclically balanced budget and functional finance and their effect on economic fluctuations.

Concept Introduction: There are three different budget philosophies: Annually balanced, cyclically balanced budget and functional finance.

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