Since the Great Recession in 2008-09 government expenditure as a percentage of GDP have been:
A) generally rising.
B) generally falling.
C) cyclical.
D) constant.
Correct Answer:
Verified
Q14: Governments purchases include:
A)defense spending.
B)education spending.
C)social security retirement
Q15: The government's budget constraint is:
A)Gt + Vt
Q16: The government's budget is:
A)government purchases plus transfer
Q17: A permanent increase in government purchases increases
Q18: The government budget constraint is:
A)government purchases less
Q20: Government can use its funds to purchase
Q21: Among the government's uses of funds are;
A)government
Q22: In the market clearing model a permanent
Q23: Eurozone data since 1999 shows that permanent
Q24: According to the market clearing model a
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