EBK ECON: MACRO4
4th Edition
ISBN: 9781305562097
Author: MCEACHERN
Publisher: CENGAGE LEARNING - CONSIGNMENT
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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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