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Positions on whether the Constitution should be amended to require a balanced budget reflect opposing views about whether such an amendment would be an appropriate solution to the problem of persistent federal deficits and growing federal debt.
Proponents of a constitutional amendment hold the view that future generations have a right to be protected from debts accumulated by earlier generations. Because the Congress and President seem unwilling or unable to rein in the debt through normal legislative procedures, they argue that only a constitutional constraint will be strong enough to rein in lawmakers' tendency to act in fiscally irresponsible ways.
Opponents to a constitutional amendment argue that it would limit the ability of future policymakers to use fiscal policy to counteract recessions or respond to national emergencies. Moreover, they argue that the cause of our fiscal imbalances is a lack of political will, not an inadequate process.
Should we force the Government to have a balanced budget?
If Argus Corporation produces 8,000 vacuum cleaners per month, what is the estimated average variable cost? Marginal cost? Total variable cost? Total cost?
q1. gary has two children kevin and dora. each one consumes yummiest and nothing else. gary loves both children
Assuming that wages in an alternative location are expected to always be higher than wages in the current location, an increase in the interest rate is expected to cause the net benefit associated with mobility to:
The maker of a leading brand of low-calorie microwavable food estimated the following demand equation for its product using data from 26 supermarkets around the country for the month of April: Calculate the price elasticity of demand. Compute the inc..
President elect Trump would like to increase trade barriers (through high tariffs or by renegotiating trade deals which have had led to lower barriers to trade) in order to keep more jobs in the U.S. How would this affect the aggregate supply curve? ..
David gets $3 per week to spend. He spends all the money on peanut butter and jelly sandwiches. PB costs 5 cents per ounce and jelly costs 10 cents per ounce. Bread is free. David uses exactly 2 ounces of PB for 1 ounce of jelly on each sandwich. Wha..
Explain each of these opposing statements, 1) The development of agricultural technologies was beneficial to mankind because it allowed more people to be supported; and 2) The development of agricultural technologies was harmful to mankind because it..
Use only IMF or World Bank data for international comparisons. What is U.S. nominal GDP at the end of 2014 (4th quarter)? What is U.S. real GDP at the end of 2014 (4th quarter)? What is the base year used in calculating U.S. real GDP? Since 1998, in ..
Discuss how you can use the laws of demand and supply to explain the following scenarios: After world gasoline prices jumped in the late 2000s, global bicycle sales rose to more than 1 million per month. the employees at the gasoline station would ha..
q. select two of the following topics to discuss within the discussion thread1. converse how average cost narrates to
What information would a government needs to increase the probability that its industrial policy would promote long-term self-generated economic growth.
The Consumer Price Index is: Ethnocentric staffing appeals to companies that want to maintain tight control over decision making in branch offices abroad. Ethnocentric staffing formulates policies designed to work in every county in which they operat..
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