Without Targeting the Deficit, Which of the Following Is Likely

Multiple Choice

Without targeting the deficit, which of the following is likely to occur after a negative aggregate demand shock?

A) Y↓ ⇒ T↓ ⇒ deficit↑ ⇒ G↓ ⇒ AD↑ ⇒ Y↑
B) Y↓ ⇒ T↓ ⇒ deficit↑
C) Y↓ ⇒ T↓ ⇒ deficit↑ ⇒ G↓ ⇒ AD↓ ⇒ Y↓
D) Y↓ ⇒ T↓ ⇒ deficit↓