Actual Budget, Percent of Cyclically-Adjusted Budget, Percent GDP (-deficits, +surpluses) Year 1998 e 1999 -3 2000 -5 2001 2002 -2 +2 of GDP (-deficits, +surpluses) 0 0 -2 -2 +1 Refer to the data for a fictional economy. The changes in the budget conditions between 1998 and 1999 best reflect O demand-pull inflation. O an expansionary fiscal policy. O a recession. O a contractionary fiscal policy.
Actual Budget, Percent of Cyclically-Adjusted Budget, Percent GDP (-deficits, +surpluses) Year 1998 e 1999 -3 2000 -5 2001 2002 -2 +2 of GDP (-deficits, +surpluses) 0 0 -2 -2 +1 Refer to the data for a fictional economy. The changes in the budget conditions between 1998 and 1999 best reflect O demand-pull inflation. O an expansionary fiscal policy. O a recession. O a contractionary fiscal policy.
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 30RQ: Under what general macroeconomic circumstances might a government use expansionary fiscal policy?...
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