Multiple Choice
The cyclically adjusted surplus as a percentage of GDP is 1 percent in Year 1. This surplus becomes a deficit of 2 percent of GDP in Year 2. It can be concluded that from Year 1 to Year 2,
A) fiscal policy turned more expansionary.
B) fiscal policy turned more contractionary.
C) GDP increased.
D) GDP decreased.
Correct Answer:
Verified
Correct Answer:
Verified
Q49: The concept of a "political business cycle"
Q141: Which of the following represents the most
Q142: In 2017, the public debt in the
Q143: The Social Security program is a retirement
Q144: The immediate primary cause of the swing
Q146: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8601/.jpg" alt=" Refer to the
Q147: When changes in taxes and government spending
Q148: Assume that if there were no crowding
Q149: The group of three economists who provide
Q150: The crowding-out effect arises when<br>A) government lends