During 2001-2012, the federal budget deficit
A) expanded and real government spending increased rapidly, indicating that fiscal policy was restrictive.
B) expanded and real government spending increased rapidly, indicating that fiscal policy was expansionary.
C) declined and real government spending fell, indicating that fiscal policy was restrictive.
D) declined and real government spending fell, indicating that fiscal policy was expansionary.
Correct Answer:
Verified
Q94: Since the mid-1980s, the debt-to-income ratio of
Q95: Fiscal stimulus is most likely to direct
Q96: When government spending flows to areas where
Q97: Which of the following is an argument
Q98: Which of the following is most likely
Q100: Keynesian economists argue that during a recession
A)
Q101: Which of the following is true of
Q102: Which of the following is true of
Q103: The fiscal policy response to the recession
Q104: Which of the following helped transform the
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents