Question
The table below shows the full-employment budget deficit as a percentage of GDP over a five-year period. Year 1 , 2 , 3 , 4,
The table below shows the full-employment budget deficit as a percentage of GDP over a five-year period.
Year 1 , 2 , 3 , 4, 5
Deficit (-)1.5%, 1.4, 2.0, 1.8, 1.5
Refer to the above information. In which year was fiscal policy expansionary?
Multiple Choice
- Year 4
- Year 5
- Year 2
- Year 3
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Modern Principles of Economics
Authors: Tyler Cowen, Alex Tabarrok
3rd edition
1429278390, 978-1429278416, 1429278412, 978-1429278393
