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b. If the cyclically adjusted budget is balanced, then multiple choice 2 the actual budget is in surplus. government is not engaging in either expansionary
b. If the cyclically adjusted budget is balanced, then multiple choice 2 the actual budget is in surplus. government is not engaging in either expansionary or contractionary policy. the actual budget is also balanced. government is engaging in either expansionary or contractionary policy
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Macroeconomics A European Perspective
Authors: Olivier Blanchard, Alessia Amighini, Francesco Giavazzi
4th Edition
1292360895, 9781292360898
