9. Complete the table below by stating whether the direction of discretionary fiscal policy was contractionary (C), expansionary (E), or neither (N), given the hypothetical budget data for an economy. (2) (3) (4) Actual budget deficit (-) Cyclically-adjusted budget Direction of fiscal or surplus (+) deficit (-) or surplus (+) policy Year 123456 -3,9% -4.5 -4.7 -3.9 -2.9 -2.2 -2.1% -2.6 -3.0 <-2.6 -2.0 -1.9
9. Complete the table below by stating whether the direction of discretionary fiscal policy was contractionary (C), expansionary (E), or neither (N), given the hypothetical budget data for an economy. (2) (3) (4) Actual budget deficit (-) Cyclically-adjusted budget Direction of fiscal or surplus (+) deficit (-) or surplus (+) policy Year 123456 -3,9% -4.5 -4.7 -3.9 -2.9 -2.2 -2.1% -2.6 -3.0 <-2.6 -2.0 -1.9
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter30: Government Budgets And Fiscal Policy
Section: Chapter Questions
Problem 16SCQ: What would happen if contractionary fiscal policy were implemented during an economic boom but, due...
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