The table below shows the full-employment budget surplus as a percentage of GDP over a five-year period. 
Refer to the above information.In which year was fiscal policy contractionary?
A) Year 2
B) Year 3
C) Year 4
D) Year 5
Correct Answer:
Verified
Q116: Q119: Q120: Q121: Other things being equal,which of the policies Q144: If government increases the size of its Q148: The lag between the time the need Q154: When the economy is at full employment: Q157: One of the timing problems with fiscal Q171: An expansionary fiscal policy can be partially Q178: Crowding-out is the notion that: Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents![]()
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A)one
A)since tax revenues