Multiple Choice
The actual budget deficit of an economy was about $30 billion in 2013.On the basis of this information, it:
A) can be concluded that the economy faced severe inflation in 2013.
B) cannot be determined whether the fiscal policy implemented by the government in 2013 was expansionary or contractionary.
C) can be concluded that the fiscal policy implemented by the government in 2013 was contractionary.
D) can be concluded that the fiscal policy implemented by the government in 2013 was expansionary.
Correct Answer:

Verified
Correct Answer:
Verified
Q58: The direction of discretionary fiscal policy cannot
Q59: Other things equal, which of the policies
Q60: The largest proportion of the public debt
Q61: An increase in the public debt will:<br>A)increase
Q62: Which is an important problem associated with
Q64: Critics contend that the crowding-out effect will
Q65: Which set of fiscal policies would tend
Q66: If the full-employment deficit as a percentage
Q67: An economy is experiencing a high rate
Q68: The real burden of an increase in