Multiple Choice
The introduction of "rainy-day funds" by states would:
A) decrease the procyclical nature of current state budgeting procedures.
B) increase the procyclical nature of current state budgeting procedures.
C) decrease the countercyclical nature of current state budgeting procedures.
D) increase the countercyclical nature of current state budgeting procedures.
Correct Answer:
Verified
Correct Answer:
Verified
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