Economics: Private and Public Choice
16th Edition
ISBN: 9781337642224
Author: James D. Gwartney; Richard L. Stroup; Russell S. Sobel
Publisher: Cengage Learning US
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Chapter 6, Problem 11CQ
To determine
Explain the concept of shortsightedness effect.
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Economics: Private and Public Choice
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- During the Great Recession of 20082009, what actions would have been required of Congress and the President had a balanced budget amendment to the Constitution been ratified? What impact would that have had on the unemployment rate?arrow_forwardExplain how fiscal policy, monetary policy, and economic factors influence public budgeting. In what ways have you personally been impacted by state or local budgeting policies?arrow_forwardDiscuss why elected government officials continue to spend more money than we have. Relate your discussion to the principal-agent problem.arrow_forward
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