1. Over the course of the business cycle a. the budget deficit tends to increase during expansions....

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1. Over the course of the business cycle

a. the budget deficit tends to increase during expansions.

b. the budget deficit tends to decrease during expansions.

c. Congress will take steps to ensure the budget balance does not change.

d. the budget balance does not change due to automatic stabilizers.

e. the level of government debt tends to decline.

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Macroeconomics In Modules

ISBN: 978-1464139055

3rd Edition

Authors: Paul Krugman ,Robin Wells

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Question Posted: Oct 16, 2024 10:00 AM

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1. Over the course of the business cycle a. the budget deficit tends to increase during expansions....

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Macroeconomics In Modules

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