Since actual budget deficits surpassed 10 percent of GDP in 2009,
A) fiscal policy has become contractionary.
B) the deficits as a percentage of GDP have fallen, but fiscal policy has remained expansionary.
C) deficits as a percentage of GDP have continued to rise.
D) deficits as a percentage of GDP have remained constant but risen in dollar amounts.
Correct Answer:
Verified
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