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What generally happens to both government budget surpluses (as a percent of GDP) in recessions? A. In recessions, the budget surpluses of both Federal and
What generally happens to both government budget surpluses (as a percent of GDP) in recessions? A. In recessions, the budget surpluses of both Federal and state & local governments generally increase. B. In recessions, the budget surpluses of both Federal and state & local governments generally increased prior to the 1980s but decreased after the 1980s. C. In recessions, the budget surpluses of both Federal and state & local governments generally decrease. D. In recessions, the budget surpluses of both Federal and state & local governments generally do not change much compared with expansions
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