The key to assessing whether fiscal policy is expansionary is to observe the change in the full-employment budget as a percentage of GDP.

Name: The key to assessing whether fiscal policy is expansionary is to observe the change in the full-employment budget as a percentage of GDP.
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The full-employment budget reflects the government's fiscal position adjusted for the economic cycle, and changes in it as a percentage of GDP indicate shifts in fiscal policy stance.

The Key to Assessing Whether Fiscal Policy Is Expansionary Is