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A recession typically leads to decreased consumer spending and investment, which can result in lower tax revenues for governments. As a result, budgets may be strained, forcing cuts in public services, infrastructure projects, and social programs. Additionally, rising unemployment can increase demand for social safety nets, further complicating budget management. Governments may need to implement stimulus measures or increase borrowing to support the economy, impacting long-term fiscal health.
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What was the effect of president Roosevelt's attempt the balance the federal budget?
economic recession
What was the effect of president roosevelts attempt to balance the federal budget?
economic recession
Was an effect of the Great Recession?
High unemployment was an effect of the Great Recession.
What was the effect of the 1981-1982 recession?
High unemployment was an effect of the Great Recession.
Massive tax cuts during a recession will create?
either a. a budget surplus b. a budget deficit c. a budget balance
Which statement is trueA recession is shorter than a depression.A recession occurs when the federal budget is balanced.A recession is closely related to a presidential veto of an act of Congress.A recession is longer than a depression?
A recession is shorter than a depression.
Which of the following situations could cause a budget deficit for the federal government?
there is a recession
What was the Production Budget for The Butterfly Effect?
The Production Budget for The Butterfly Effect was $13,000,000.
What was the Production Budget for Zero Effect?
The Production Budget for Zero Effect was $5,000,000.
If the government were to operate under as strict balanced-budget rule what would it have to do in a recession Would that make the recession more or less severe?
it would make it more severe, since strict balanced budget refers to increase in taxes and reduce spending by the governmnet...
What are some of California's budget issues?
The California budget has been hit hard by unions and union pensions. The current economic recession has also taken its toll on the state's budget as well as the budget process currently used by California.
How does recession effect stock market?
The recession causes stock prices to drop as a whole except a few defensive stocks such as Wal-Mart.
