A cyclically balanced budget calls for deficits during recessions and surpluses during periods of prosperity.

Name: A cyclically balanced budget calls for deficits during recessions and surpluses during periods of prosperity.
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Question

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A cyclically balanced budget aims to counteract economic fluctuations by incurring deficits during economic downturns to stimulate demand and achieving surpluses during periods of economic growth to curb inflation and prevent overheating of the economy.

A Cyclically Balanced Budget Calls for Deficits During Recessions and Surpluses