What is the key reason why Lebanon's fiscal policy was unsustainable?
A) Lebanon was aiming to reach EU levels of debt at lower than 60% of GDP.
B) Two-thirds of government expenditure is allocated to interest repayments and wages.
C) The 2008 global financial crisis had increase Lebanese remittances.
D) Growth was only 3 percent in 2009.
Correct Answer:
Verified
Q3: The sharp increase in the percentage of
Q4: Transfer payments include _
A) government aid to
Q5: Stabilization policy is used by the government
Q6: Fiscal policy is determined by the
A) the
Q7: Suppose real GDP is $12.1 trillion and
Q8: The central bank Reserve plays a larger
Q9: Timing stabilization policy is easier using monetary
Q10: According to economist Christopher Ruhm, during recessions
Q11: The government debt equals
A) the accumulation of
Q12: Which of the following is considered a
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