Intermediate Microeconomics and Its Application 12th Edition by Walter Nicholson,Christopher Snyder

تمرين 26

Two kinds of tax ''limitation'' provisions have been proposed at the national level in the United States: (1) a balanced-budget requirement, and (2) a limitation on the fraction of GDP devoted to government spending. Does the analysis ofthis chapter provide any reasons for thinking that either of these might be a good idea?