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The actual budget deficit of the federal government in 2021 was about 12.4 percent of GDP. On the basis of this information, it can be
The actual budget deficit of the federal government in 2021 was about 12.4 percent of GDP. On the basis of this information, it can be concluded that the economy was faced with serious inflation in 2021. cannot be determined whether the government engaged in expansionary or contractionary fiscal policy in 2021. can be concluded that fiscal policy was contractionary in 2021. can be concluded that fiscal policy was expansionary in 2021
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