Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

Not yet answered Points out of 1.00 Flag question Question text Which of the following is true if the government attempts to balance its budget

Not yet answered

Points out of 1.00

Flag question

Question text

Which of the following is true if the government attempts to balance its budget when the economy is in a recession and the government is running a budget deficit?

Select one:

A.The unemployment rate would decrease.

B.Inflation would result.

C.The action would be pro-cyclical.

D.Government spending would have to increase.

E.GDP would increase.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cost Accounting A Managerial Emphasis

Authors: Charles T. Horngren, Srikant M.Dater, George Foster, Madhav

13th Edition

8120335643, 136126634, 978-0136126638

Students also viewed these Economics questions