-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 above full employment, the government has a

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Quizplus · Accepted Answer

When the economy is above full employment, tax revenues typically increase due to higher incomes, while government spending may not increase at the same rate, leading to a budget surplus.

-Economic Data for a Mythical Economy in the Years 2002-