The table below shows the full-employment budget deficit as a percentage of GDP over a five-year period.
Refer to the above information. In which year was fiscal policy expansionary?
A) Year 2
B) Year 3
C) Year 4
D) Year 5
Correct Answer:
Verified
Q86: Q100: The actual budget deficit of the federal Q102: If you are told that the government Q103: The table below shows the full-employment budget Q103: (1)The composite index of leading indicators turns Q123: If the cyclically adjusted budget deficit increases Q136: A cyclically adjusted budget deficit is also Q146: If the full-employment surplus as a percentage Q150: The time which elapses between the beginning Q158: If the full-employment deficit as a percentage![]()
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