
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Solve it correctly with explanation.
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Transcribed Image Text:When the government engages in expansionary fiscal policy there is
O a.
a budget deficit and increase in the national debt
O b. no change in the budget balance or national debt
a budget surplus and decrease in the national debt
d. a budget deficit but no change in the national debt
O C.
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