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Author Question: What is a government's budget constraint in the long run as opposed to a given time period? What ... (Read 168 times)

lilldybug07

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on: Jun 29, 2018
What is a government's budget constraint in the long run as opposed to a given time period?
 
  What will be an ideal response?

Question 2

Which category of unemployed individuals makes up the greatest share of those who are unemployed?
 
  A) new entrants
  B) reentrants
  C) job losers
  D) job leavers


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janeli

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Reply #1 on: Jun 29, 2018
Answer to Question 1

In a given time period, the government budget constraint is the limitation on public expenditures, which is the total amount of tax revenues plus borrowed funds. However, a government cannot borrow forever, so that its constraint in the long run is simply tax revenues.

Answer to Question 2

C


lilldybug07

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

zacnyjessica

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Reply 3 on: Yesterday
:D TYSM

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