Question

3. Explain the pros and cons of a budget policy aimed at achieving both full employment
and a a balance budget over the life of business cycle.

Answer should be minimum 1.5 paze and maximum 2 pages.
Please reply as soon as possible. It's urgent.​

Answer 1

Explanation:

FISCAL POLICY GOVERNMENT SPENDING & DEBT

What Are the Pros and Cons of a Balanced Budget?

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By SEAN ROSS

Updated Mar 8, 2020

Few issues are more contentious in contemporary American politics than the federal government's budget. Those who argue in favor of a balanced budget claim the growing federal debt will have harmful effects in the future. Others counter that a government budget isn't like a household budget and shouldn't be viewed as such. They say deficits should be readily used to ward off economic or foreign threats, and that the government debt isn't an urgent problem.