Most economists would agree that the national debt should be reduced
A) during both periods of recession and prosperity.
B) just during periods of recession.
C) just during periods of prosperity.
D) never.
Correct Answer:
Verified
Q4: Which statement is true about automatic stabilizers?
A)They
Q5: To close a recessionary gap we should
A)raise
Q6: When there is a recession,the biggest percentage
Q7: If equilibrium GDP is $1 trillion greater
Q8: Statement I: The federal budget deficit more
Q10: If full employment GDP is $1 trillion
Q11: Budget deficits are appropriate during
A)recessions,but not inflations.
B)inflations,but
Q12: Over the last four decades we have
Q13: We have an inflationary gap when
A)equilibrium GDP
Q14: If full employment GDP is $500 billion
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