Why states would have the rule but the federal government


Problem

Most states have laws or constitutional provisions that require them to quickly eliminate any budget deficits by either raising taxes or cutting spending. Can you suggest why states would have this rule but the federal government would not?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Macroeconomics: Why states would have the rule but the federal government
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