
-With the expenditures programs and the tax system shown in the above diagram:
A) the public budget will be expansionary at all GDP levels above K,and contractionary at all GDP levels below K.
B) the public budget will be a destabilizing force at all levels of GDP.
C) deficits will be realized at income levels below K,and surpluses above K.
D) deficits will be realized at income levels below H,and surpluses above H.
Correct Answer:
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Q87: Q91: Q101: The "cyclically adjusted budget" refers to: Q102: If you are told that the government Q115: The direction of discretionary fiscal policy cannot Q123: If the cyclically adjusted budget deficit increases Q124: The cyclically adjusted deficit is the difference Q125: In Year 1, the actual budget deficit Q133: If the economy has a cyclically adjusted Q136: A cyclically adjusted budget deficit is also![]()
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A)the inflationary
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