According to economic theory, state governments A) will act in the public interest. B) will be biased toward chronic budget deficits. C) will act in the national interest. D) will do all of the above. E) will do none of the above.
According to economic theory, state governments A) will act in the public interest. B) will be biased toward chronic budget deficits. C) will act in the national interest. D) will do all of the above. E) will do none of the above.
Chapter11: Fiscal Policy
Section: Chapter Questions
Problem 2E
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Question
According to economic theory, state governments
A) will act in the public interest.
B) will be biased toward chronic budget deficits.
C) will act in the national interest.
D) will do all of the above.
E) will do none of the above.
A) will act in the public interest.
B) will be biased toward chronic budget deficits.
C) will act in the national interest.
D) will do all of the above.
E) will do none of the above.
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