Balanced Budget Laws
Balanced Budget Laws are laws (usually passed by right-wing governments) which require governments to run balanced budgets regardless of the state of the overall economy. These laws 2 have the negative effect of worsening economic downturns – since governments either must
reduce spending or increase taxes during a recession, in order to offset the impact of the recession on its budget, and those fiscal actions deepen the recession.
Category: Economics
Previous: ← Balanced Budget
More from this Section
- Credit
Credit means bank’s advance or investment that is made by commercial banks or other ... - Theory of asset demand
Theory of asset demand is the theory that the quantity demanded of an asset is (1) usually ... - Side Pocket
In hedge funds, a Side Pocket is a sort of portfolio used to separate risky or low liquidity ... - General Agreement on Tariffs and Trade (GATT)
General Agreement on Tariffs and Trade (GATT) was the first international free trade agreement. ... - Smart card
Smart card is a stored-value card that contains a computer chip that lets it be loaded ...