Macroeconomics + Economy 2009 Update 18th Edition by Campbell McConnell, Sean Masaki Flynn,Stanley Brue

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TEXT TABLE 11.1, COLUMN 3-WHAT ARE THE LATEST NUMBERS Go to the Congressional Budget Office Web site, www.cbo.gov , and select Historical Budget Data. Find the historical data for the actual budget deficit or surplus (total). Update column 2 of text Table 11.1. Next, find the historical data for the standardized (full-employment) budget deficit or surplus as a percentage of potential GDP. Update column 3 of Table 11.1. Is fiscal policy more expansionary or less expansionary than it was in 2005