ECON MACRO
5th Edition
ISBN: 9781337000529
Author: William A. McEachern
Publisher: Cengage Learning
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Question
Chapter 12, Problem 2.3P
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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