States that are required by their constitution to have annually balanced budgets are likely to _____ than those not required to balance their budget.
A)have less severe business cycles
B)have more severe business cycles
C)grow faster
D)have a better quality of life

Question

Quizplus · Accepted Answer

States with annually balanced budget requirements may have more severe business cycles because they cannot run deficits to stabilize the economy during downturns, leading to more pronounced economic fluctuations.

States That Are Required by Their Constitution to Have Annually