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If the economy were in a recession, we would expect government expenditure to be: Question 19Answer a. high and tax revenues to be low, probably
If the economy were in a recession, we would expect government expenditure to be: Question 19Answer a. high and tax revenues to be low, probably leading to a budget surplus. b. low and tax revenues to be low, probably leading to a budget surplus c. high and tax revenues to be low, probably leading to a budget deficit d. high and tax revenues to be high, probably leading to a budget deficit
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