The table below shows the cyclically adjusted budget surplus as a percentage of GDP over a five-year period.YearSurplus(+)11.0%20.930.540.251.5Refer to the above information. In which year(s) was fiscal policy expansionary?
A. Years 1 and 5
B. Year 4 only
C. Year 2 only
D. Years 2, 3, and 4
Answer: D
You might also like to view...
Which policy measure requires investment banks to sever the links between research and securities underwriting?
A) Sarbanes-Oxley Act of 2002 B) Global Legal Settlement of 2002 C) Gramm-Leach-Bliley Act of 1999 D) Riegle-Neal Act of 1994
If the price of aluminum used to make bicycles increases, the price of a bicycle rises because of a
A) rightward shift of the demand curve for bicycles. B) rightward shift of the supply curve of bicycles. C) leftward shift of the demand curve for bicycles. D) leftward shift of the supply curve of bicycles.
Winner-take-all markets explain
A. why no one ever remembers who came in second. B. why top paid corporate executives, professional athletes, and entertainers earn such high salaries. C. why nominal wages are always higher than real wages. D. why real wages are tied to productivity.
Which of the following is not part of the process of creating an internal job structure?
A. Collect and summarize work content information B. Determine what to value C. Quantify the relative value D. Assess the cost of the product or service