In 1990-1991,the government budget deficit ________ mainly due to the ________.
A) rose,recession's effect on tax collection
B) rose,expenditures of the Persian Gulf War
C) fell,recession's effect on government expenditures
D) fell,economic stimulus provided by the Persian Gulf War
Correct Answer:
Verified
Q16: If an economy uses monetary policy as
Q17: The economic policy response to the 2001
Q18: By far the largest real government budget
Q19: If monetary policy is used to control
Q20: In a small open economy,an increase in
Q22: Persistent government budget deficit result in _
Q23: The relation S + (T -G)= I
Q24: The progressive income tax is an automatic
Q25: Figure 5-1 Q26: The cyclical deficit is
A)the amount by which
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