Figure 5-1

-Employing the government budget diagram shown in Figure 5-1 above,assume that the economy is initially in equilibrium at point A.The movement A to D represents

Question

Figure 5-1
 
-Employing the government budget diagram shown in Figure 5-1 above,assume that the economy is initially in equilibrium at point A.The movement A to D represents

Quizplus · Accepted Answer

Movement from point A to D in a government budget diagram typically indicates a shift towards a budget surplus, which is achieved by decreasing government spending and/or increasing taxes.

Figure 5-1 -Employing the Government Budget Diagram Shown in Figure 5-1 Above,assume