What negative effects do debt and an unbalanced budget have

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1) Is the public debt (unbalanced budget) bad? Improve, adjust, or completely change your original answer by discussing the pros and cons of debt based on what we learned. For example,

- What negative effects do debt and an unbalanced budget have?

- Is debt necessary under certain circumstances?

2) How are the hard fiscal rule and soft fiscal rule used to maintain budgetary balance?

Reference no: EM133119940

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