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If the Economy Has a Cyclically Adjusted Budget Surplus, This

Question 65

Multiple Choice

If the economy has a cyclically adjusted budget surplus, this means that


A) the public sector is exerting an expansionary impact on the economy.
B) tax revenues would exceed government expenditures if full employment were achieved.
C) the actual budget is necessarily also in surplus.
D) the economy is actually operating at full employment.

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