Below is some information about the state of the budget and the economy.
1.A budget deficit and a recessionary gap.
2.A budget deficit and an inflationary gap.
3.A budget surplus and a recessionary gap.
4.A budget surplus and an inflationary gap.
-Refer to the information above to answer this question.When would a balanced-budget fiscal policy be counter-cyclical?
A)2 and 3.
B)3 only.
C)4 only.
D)3 and 4.

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The Answer of Below is some information about the state of the budget and the economy.
1.A budget deficit and a recessionary gap.
2.A budget deficit and an inflationary gap.
3.A budget surplus and a recessionary gap.
4.A budget surplus and an inflationary gap.
-Refer to the information above to answer this question.When would a balanced-budget fiscal policy be counter-cyclical?
A)2 and 3.
B)3 only.
C)4 only.
D)3 and 4.

Below Is Some Information About the State of the Budget