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Explain the "Balanced-Budget Amendment

question 43

Essay

Explain the "balanced-budget amendment." Why are many economists who favor deficit reduction opposed to the balanced-budget amendment? Describe a condition in which a mandated balanced budget would be harmful to the nation's economic health.


Definitions:

Simplify

The process of reducing an expression to its most basic form by performing calculations and combining like terms.

Expression

A combination of symbols and numbers that, together, represent a value or concept.

Simplify

Simplifying in mathematics involves altering an expression or equation to make it easier to work with, often by combining like terms and reducing expressions to their simplest form.

Expression

A combination of symbols that represent a quantity or relationship but do not resolve to a single numerical value.

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