What is a government's budget constraint in the long run as ...

[lilldybug07]

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

[janeli]

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]

Thanks for the timely response, appreciate it

[chereeb]

Great answer, keep it coming