Economy was in recession and there was a budget deficit

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Assume that the economy was in a recession and there was a budget deficit. Then a strict requirement that the Federal government had to balance its budget: (a) would worsen the effects of the recession. (b) would have no effect on the recession. (c) would counter the effects of the recession. (d) is unnecessary since government budgets are in a surplus during recessions.

Reference no: EM131112285

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