Multiple Choice
Discretionary fiscal policy will likely cause budget
A) surpluses during recessions and deficits during periods of demand-pull inflation.
B) deficits during recessions and surpluses during periods of demand-pull inflation.
C) surpluses during both recessions and periods of demand-pull inflation.
D) deficits during both recessions and periods of demand-pull inflation.
Correct Answer:
Verified
Correct Answer:
Verified
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