When the government engages in expansionary fiscal policy there is a. a budget deficit and increase in the national debt O b. no change in the budget balance or national debt O c. a budget surplus and decrease in the national debt d. a budget deficit but no change in the national debt
When the government engages in expansionary fiscal policy there is a. a budget deficit and increase in the national debt O b. no change in the budget balance or national debt O c. a budget surplus and decrease in the national debt d. a budget deficit but no change in the national debt
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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