Question

the classical advocacy of balanced budget is bassed on which of the following beliefs​

Answer 1

MARK ME THE BRAINLIEST

Answer:

A balanced budget (particularly that of a government) is a budget in which revenues are equal to expenditures. Thus, neither a budget deficit nor a budget surplus exists (the accounts "balance"). More generally, it is a budget that has no budget deficit, but could possibly have a budget surplus.[1] A cyclically balanced budget is a budget that is not necessarily balanced year-to-year, but is balanced over the economic cycle, running a surplus in boom years and running a deficit in lean years, with these offsetting over time.

Balanced budgets and the associated topic of budget deficits are a contentious point within academic economics and within politics. Many economists argue that moving from a budget deficit to a balanced budget decreases interest rates,[2] increases investment,[2] shrinks trade deficits and helps the economy grow faster in the longer term.[2]