In contrast to the U.S. federal government budget, the budgets of most states (for example, lowa) are required by law to stay in balance, or fairly close to balance. Is this statement true or false? O True False
In contrast to the U.S. federal government budget, the budgets of most states (for example, lowa) are required by law to stay in balance, or fairly close to balance. Is this statement true or false? O True False
Chapter1: Making Economics Decisions
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Problem 1QTC
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![In contrast to the U.S. federal government budget, the budgets of most states (for example,
lowa) are required by law to stay in balance, or fairly close to balance. Is this statement true or
false?
True
O False](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F8ec0718e-94a3-4cb9-9272-4fd98eed6a81%2Fb4f5ae93-a876-4e65-99fa-fdf026dc4dea%2Fn3h4l49_processed.jpeg&w=3840&q=75)
Transcribed Image Text:In contrast to the U.S. federal government budget, the budgets of most states (for example,
lowa) are required by law to stay in balance, or fairly close to balance. Is this statement true or
false?
True
O False
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