Why does the budget surplus get smaller or the deficit get larger, even without discretionary fiscal policy, when unemployment increases?
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Q340: If the ratio of debt to GDP
Q341: When potential output is less than actual
Q342: Explain the difference between automatic stabilizers and
Q343: When the government decreases spending, the:
A)AD curve
Q344: An expansionary fiscal policy:
A)in the presence of
Q346: Suppose that real GDP is $1,500, potential
Q347: Time lags make:
A)fiscal policy more effective than
Q348: Suppose that economic policy makers want to
Q349: Why does a $1,000 tax cut generate
Q350: Social insurance is:
A)essentially any type of spending
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