According to the textbook, a "fiscal dividend" exists:
A) when income taxes are increased.
B) when the Canadian government runs large budget deficits.
C) during a period of debt reduction as new room is created in the budget as the debt to GDP ratio falls.
D) when the Canadian government increases government spending and the size of the budget deficit.
Correct Answer:
Verified
Q1: Holding other factors constant, the ratio of
Q2: Government debt equals the:
A) difference between current
Q3: The large increase in Canadian debt in
Q4: In a time of inflation when the
Q6: Compared to the size of government debt
Q7: When a government spends more than it
Q8: If government debt is not changing, then:
A)
Q9: Assume that the nominal interest rate is
Q16: The amount by which government spending exceeds
Q17: A deficit adjusted for inflation should include
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