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Suppose a Constitutional Amendment Is Passed That Mandates a Balanced

question 211

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Suppose a constitutional amendment is passed that mandates a balanced federal budget every year and the President and Congress consistently carry this mandate out. This would be an example of


Definitions:

Whips

Flexible, often long and slender pieces of material typically made of leather or a similar substance, used either for driving animals or as a means of punishment.

Utility Function

A representation of an individual’s preference ordering over a set of outcomes, quantifying the satisfaction or happiness derived.

Cocoa

A powder made from roasted and ground cacao seeds, used in the making of chocolate, as well as in baking and in beverages.

Consumption

The use of goods and services by households or individuals.

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