Multiple Choice
During 2001-2012, the federal budget deficit
A) expanded and real government spending increased rapidly, indicating that fiscal policy was restrictive.
B) expanded and real government spending increased rapidly, indicating that fiscal policy was expansionary.
C) declined and real government spending fell, indicating that fiscal policy was restrictive.
D) declined and real government spending fell, indicating that fiscal policy was expansionary.
Correct Answer:
Verified
Correct Answer:
Verified
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