... incurred rather than when payment is made; purchases may have their impact when contracts are entered into rather than when disbursements are made. However, where a single budget concept is used in economic analysis bearing on stabilization policy... Monetary, Credit, and Fiscal Policies: Hearings Before the Subcommittee on ... - Page 7 by United States. Congress. Economic Report Joint Committee - 1950 - 570 pages Full view -
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