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.

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter18: Six Debates Over Macroeconomic Policy

Section18.5: Should The Government Balance Its Budget?

Problem 5QQ

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