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.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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