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he cyclically adjusted surplus in the U.S. went from +1.2 percent of GDP in 2000 to 1.2 percent of GDP in 2002. This suggests that

he cyclically adjusted surplus in the U.S. went from +1.2 percent of GDP in 2000 to 1.2 percent of GDP in 2002. This suggests that the government during that period Multiple Choice increased taxes and/or cut spending. wanted to rein in inflation. did not change its discretionary fiscal policy. cut taxes and/or increased spending

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