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-Economic Data for a Mythical Economy in the Years 2002-

Question 309

Multiple Choice

-Economic data for a mythical economy in the years 2002- 2006 are summarized in the figure above. Assume that the spending formulas and tax schedules are identical for all years. When the economy is above full employment, the government has a A) budget deficit. B) budget surplus. C) balanced budget. D) procyclical policy.
-Economic data for a mythical economy in the years 2002- 2006 are summarized in the figure above. Assume that the spending formulas and tax schedules are identical for all years. When the economy is above full employment, the government has a


A) budget deficit.
B) budget surplus.
C) balanced budget.
D) procyclical policy.

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