Question
If the government ran a cyclically balanced budget, then the actual budget would... a.Have deficits during inflationary gaps. b.Have surpluses during recessionary gaps. c.Have surpluses
If the government ran a cyclically balanced budget, then the actual budget would...
a.Have deficits during inflationary gaps.
b.Have surpluses during recessionary gaps.
c.Have surpluses during inflationary gaps.
d.Be balanced every year.
e.Be balanced every four years.
Clear my choice
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Environmental Economics And Policy
Authors: Thomas H Tietenberg
5th Edition
0321348907, 9780321348906
