Multiple Choice
If the economy were in a recession, we would expect government expenditure to be:
A) high and tax revenues to be high, probably leading to a budget deficit.
B) high and tax revenues to be low, probably leading to a budget deficit.
C) low and tax revenues to be low, probably leading to a budget surplus.
D) high and tax revenues to be low, probably leading to a budget surplus.
Correct Answer:

Verified
Correct Answer:
Verified
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