The federal budget deficits of the 1980s
A) are about the same as those of earlier decades.
B) caused the government debt to increase in absolute terms but not as a percent of GDP.
C) were due to the persistent recession that occurred throughout the 1980s.
D) were caused by rising expenditures and tax cuts.
Correct Answer:
Verified
Q210: Which statement is true?
A)Both unemployment compensation and
Q211: Since 1980,the public debt has
A)remained constant absolutely,but
Q212: Automatic stabilizers
A)are programs which require legislative action.
B)are
Q213: Nondiscretionary fiscal policy
A)entails legislative changes in government
Q214: As the MPC rises,the multiplier
A)will rise.
B)will fall.
C)will
Q216: An increase in the rate of economic
Q217: The paradox of thrift suggests that
A)"a penny
Q218: In order to pass any fiscal policy
Q219: A multiplier of 10 means that a
Q220: Which of the following policies should be
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