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Generally speaking, when an economy is in a recession, the government finds it is running a Blank 1 Question 5 . If the government were

Generally speaking, when an economy is in a recession, the government finds it is running a Blank 1 Question 5 . If the government were to try to balance the budget in these circumstances (by Blank 2 Question 5 government spending or Blank 3 Question 5 taxes) the effect would be to Blank 4 Question 5 aggregate demand, thus Blank 5 Question 5 GDP. In other words, the recession will get Blank 6 Question 5 , i.e. the action of the government pushes the economy Blank 7 Question 5 it was heading. Similarly, when an economy is experiencing an inflationary boom period, the government generally finds that it has a Blank 8 Question 5 . If it attempts to reduce the Blank 9 Question 5 by Blank 10 Question 5 government spending or Blank 11 Question 5 taxes, the effect will be to Blank 12 Question 5 aggregate spending, thus pushing the economy Blank 13 Question 5 it was heading

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