Which of the following events occurred during the 2000 to 2005 time-frame and had an important impact on the deficit/surplus projections?
A) The tax cuts of 2001 and 2003.
B) The increase in interest rates from 2001 to 2003.
C) The increase in inflation rates from 2000 to 2002.
D) The decrease in unemployment rates from 2002 to 2003.
Correct Answer:
Verified
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Q39: A Balanced Budget Amendment would be
A)procyclical.
B)countercyclical.
C)homocyclical.
D)heterocyclical.
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