Which of the following statements is/are true?
A) When equilibrium GDP is too small we have a recessionary gap.
B) Fiscal policy and monetary policy are different means used to attain the same goals.
C) Budget deficits are most appropriate during recessions rather than periods of inflation.
D) Automatic stabilizers help smooth out the business cycle.
E) All of the statements are truE.
Correct Answer:
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