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A Balanced-Budget Philosophy Would Be Pro-Cyclical in All the Following

Question 137

Multiple Choice

A balanced-budget philosophy would be pro-cyclical in all the following cases except one.Which one is the exception?


A) A recessionary gap and a budget deficit.
B) An inflationary gap and a budget deficit.
C) An inflationary gap and a budget surplus.
D) High unemployment and a budget deficit.

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