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-Economic Data for a Mythical Economy in the Years 2012-2016

Question 223

Multiple Choice

-Economic data for a mythical economy in the years 2012-2016 are summarized in the figure above. Assume that the spending formulas and tax schedules are identical for all years. When the economy is at less than full employment, the government has a A) budget surplus. B) balanced budget. C) budget deficit. D) procyclical policy.
-Economic data for a mythical economy in the years 2012-2016 are summarized in the figure above. Assume that the spending formulas and tax schedules are identical for all years. When the economy is at less than full employment, the government has a


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

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