Most state governments in the United States are required by their state constitution or other laws to balance their budget each year
Most state governments in the United States are required by their state constitution or other laws to
Most state governments in the United States are required by their state constitution
the United States are required by their state constitution or other laws to balance their budget each year
Most state governments in the United States are required by their
state constitution or other laws to balance their budget each year
Most state governments in the United States are
Most state governments in
Most state governments in the United States are required by their state constitution or other laws to balance their budget each year.

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Most state governments in the United States are required by their state constitution or other laws to balance their budget each year. This means that during a recession, state government budgets will be in deficit so the state governments will have to cut its spending or increase its taxes to balance their budgets. Under these circumstances, the fiscal policy of state governments is most likely to be: pro-cyclical. counter-cyclical. expansionary. proportional.

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Most state governments in the United States are required by their state constitution or other laws to balance their budget each year.