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What negative effects do debt and an unbalanced budget have

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Reference no: EM133119940

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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