Multiple Choice
Suppose that in Year 2 there was a higher federal budget deficit than in Year 1.This could be explained by ________ in Year 2.
A) lower real interest rates
B) higher real GDP (with fiscal policy constant)
C) lower real GDP (with fiscal policy constant)
D) lower government expenditure (with real GDP constant)
E) a lower primary budget surplus
Correct Answer:
Verified
Correct Answer:
Verified
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