Using the information from this week’s Learning Activities, respond to the following in a minimum of 175 words:
- What are the differences in the budget cycle in good economic times versus bad economic times?
- What economic changes do you think influence the transition? How do these differences in the cycle affect the preparation, execution, and evaluation of the budget?
- What are some of the limitations of certain revenue sources and what are the reasons for limitations?
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Budget cycle in good economic times versus bad economic times