Multiple Choice
If you were told that the government had an actual budget deficit of $50 billion, then you would
A) know that fiscal policy was expansionary.
B) know that fiscal policy was contractionary.
C) know that fiscal policy was producing a cyclical deficit.
D) not be able to determine the direction of fiscal policy from the information given.
Correct Answer:
Verified
Correct Answer:
Verified
Q117: If the cyclically adjusted budget shows a
Q118: <span class="ql-formula" data-value="\begin{array} { | c |
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Q121: The most likely way the public debt
Q123: The largest proportion of the U.S. public
Q124: A budget surplus means that<br>A) government expenditures
Q125: Tax revenues automatically increase during economic expansions
Q126: Recessions have contributed to the public debt
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Q205: The actual budget may be in deficit