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Assume that laws have been passed that require the federal government to run a balanced budget. During a recession, the government will want to implement
Assume that laws have been passed that require the federal government to run a balanced budget. During a recession, the government will want to implement but may be unable to do so because such a policy would a) discretionary fiscal policy; lead to a budget surplus b) expansionary fiscal policy; lead to a budget deficit c) contractionary fiscal policy; lead to a budget deficit d) contractionary fiscal policy; lead to a budget surplus
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