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-Economic Data for a Mythical Economy in the Years 2006

Question 244

Multiple Choice

-Economic data for a mythical economy in the years 2006 -2010 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) procyclical policy. B) balanced budget. C) budget surplus. D) budget deficit.
-Economic data for a mythical economy in the years 2006 -2010 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) procyclical policy.
B) balanced budget.
C) budget surplus.
D) budget deficit.

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