A balanced-budget philosophy would be pro-cyclical in all the following cases except one.Which one is the exception?
A)A recessionary gap and a budget deficit.
B)An inflationary gap and a budget deficit.
C)An inflationary gap and a budget surplus.
D)High unemployment and a budget deficit.

Question

Quizplus · Accepted Answer

The Answer of A balanced-budget philosophy would be pro-cyclical in all the following cases except one.Which one is the exception?
A)A recessionary gap and a budget deficit.
B)An inflationary gap and a budget deficit.
C)An inflationary gap and a budget surplus.
D)High unemployment and a budget deficit.

A Balanced-Budget Philosophy Would Be Pro-Cyclical in All the Following