If the actual budget surplus is negative, it implies that O the economy is in a boom and the fiscal policy is too expansionary (large G, TR) O fiscal policy is too expansionary, and the economy is in a recession. the economy is in a boom and fiscal policy is too restrictive (small G, TR). the economy is in a recession and fiscal policy is too restrictive.The Taylor rule implies that a central bank should adjust interest rates frequently O with particular emphasis on capital movements across borders. O but only in response to changes in the inflation rate. O but only in response to changes in the output gap. O whenever output or inflation deviates from the desired levels.The __ the marginal tax rate, the the effect on equilibrium real GDP from a change in investment, and the ____the marginal propensity to consumer, the _ the effect on equilibrium real GDP from a change in government spending. O larger; smaller; smaller; smaller O larger; larger; smaller; larger smaller; smaller; larger; larger smaller; larger; smaller; larger