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Author Question: Why is the government budget constraint different between the short run and the long run? What ... (Read 110 times)

moongchi

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on: Jun 29, 2018
Why is the government budget constraint different between the short run and the long run?
 
  What will be an ideal response?

Question 2

Which of the following is a stock variable? The number of
 
  A) unemployed people.
  B) reentrants.
  C) job losers.
  D) job leavers.


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jgranad15

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

In the short run, the government budget constraint consists of tax revenues and borrowing. However, a government cannot borrow indefinitely so that, in the long run, its budget constant consists of only tax revenues.

Answer to Question 2

A


moongchi

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

frankwu0507

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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