If a government had a PSDR for three years, we could say that over that period
A) the national debt would have fallen.
B) the total expenditure of the public sector exceeded the total receipt of the public sector.
C) the government could have had either a reflationary or a deflationary stance.
D) the government had a reflationary fiscal stance.
Correct Answer:
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Q5: Which of the following statements is false?
Q6: The excess of the central government's tax
Q7: When a country has a positive public
Q8: The accumulated budget deficit (less any surpluses)
Q9: When a country has a public sector
Q11: If the total expenditure of the UK
Q12: When a deficit, surplus or debt is
Q13: Fiscal policy which does not involve any
Q14: Automatic fiscal stabilisers are_that rise and_that fall
Q15: Which of the following is not an
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