Which of the following statements about fiscal policy is INCORRECT?

Select one:

a. When government expenditure exceeds government revenue, the government runs a budget deficit.

b. Taxes and government expenditure are tools of fiscal policy.

c. In 2014, the government of New Zealand mentioned that after the 20% of GDP target is reached, it would maintain net debt within the range of 10-20% of GDP over the economic cycle.

d. Governments are responsible for maintaining all roads in their countries.

e. In recessions, governments usually increase their expenditure.