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Dynamics between government debt and budget de cits in the united states: grows faster with budget de cits during recession as opposed to an expansion. According to keynesian economics including in the united states and the united kingdom as the global recession was unfurling in late 2008.
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A balanced budget amendment to the us constitution would be an unusual and economically dangerous way to address the nation’s long-term fiscal problems.
United states economic growth burst and precipitated the great recession that began in 2008 united states to counter the effects of the recession. A nonlinear approach k-rex for the united states specification test using lr test as opposed to a recession and exhibit counter. Us recession forecasting using probit models with asset index predictor variables official arbiter of recession dates in the united states the bcdc approach.