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The Great Recession of 2007-09 and the Consequent Policy Response

Question 221

Multiple Choice

The Great Recession of 2007-09 and the consequent policy response made the


A) actual budget deficit become very close to the cyclically adjusted deficit during that period.
B) actual budget deficit shrink during that period.
C) cyclically adjusted deficit grow during that period.
D) cyclically adjusted budget balance turn positive during that period.

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