Multiple Choice
-Economic data for a mythical economy in the years 2002- 2006 are summarized in the figure above. Assume that the spending formulas and tax schedules are identical for all years. When the economy is at full employment, the government has a
A) budget deficit.
B) budget surplus.
C) procyclical policy.
D) balanced budget.
Correct Answer:
Verified
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Q156: Which of the following relationships is correct?
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