Multiple Choice
Countercyclical fiscal policy is best described by which of the following statements?
A) Government surpluses are planned during economic booms, and deficits are planned during economic recessions.
B) The annual budget should always be balanced.
C) Deficits should always equal surpluses.
D) Government deficits are planned during economic booms, and surpluses are planned during economic recessions.
Correct Answer:
Verified
Correct Answer:
Verified
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