The table below shows the full-employment budget surplus as a percentage of GDP over a five-year period. 
Refer to the above information.In which year was fiscal policy contractionary?
A) Year 2
B) Year 3
C) Year 4
D) Year 5
Correct Answer:
Verified
Q40: The cyclically adjusted budget tells us
A)that in
Q137: Q138: In Year 1, the actual budget deficit Q140: If the cyclically adjusted budget shows a Q141: Like households and businesses, the provincial and Q143: Proponents of the notion of a "political Q144: If government increases the size of its Q145: (1) The composite index of leading indicators Q146: If the full-employment surplus as a percentage Q147: (1) The composite index of leading indicators
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