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Some states are required to balance their budgets. Is this measure stabilizing or destabilizing? Please explain your answer.

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Darryn D'Souza
Darryn D'SouzaLv10
28 Sep 2019
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Related questions

Some states are required to balance their budgets. Is this measure stabilizing or destabilizing? Suppose all states were committed to a balanced budget philosophy and the economy moved into a recession. What effects would this philosophy have on the size of the federal deficit?

If the economy is experiencing a recession, what would be more effective for stabilizing our economy, the use of monetary and/or fiscal policy? Please make sure to explain your analysis.

In the United States, there are only a few laws for the states to obey. Therefore, in contrast to the federal budget, the budgets of the individual states:

A. have no effect on aggregate demand.

B. are mandated that Unemployment can be cured by expansionary monetary and fiscal policy on a long-run basis in the individual state but not in all the states.

C. are required by law to stay in balance, or fairly close to balance.

D. can be kept in balance during a recession even without cuts in services or tax increases.

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