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Great depression not the great recession

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Reference no: EM132263068

This in in regards to the great depression not the great recession.

The Balanced Budget amendment (requiring the Federal government to balance its budget annually), sounds good... or is it? Lets look at question one and what happened during the Great Depression with the down fall of classical economics and the rise of Keynesian economics. What would happen to the United States if a Balanced Budget amendment was in force during the time frame of the Great Depression? Would it help pull the country out of the depression or would it make things worse?

Reference no: EM132263068

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