Which of the following statements best describes countercyclical policy?
a. Countercyclical policy says that when the economy has slowed down, it is time to keep taxes high and restrain spending.
b. Countercyclical policy says that when the economy has slowed down, it is time for the government to go on a spree: raising spending and cutting taxes.
c. Countercyclical policy says that regardless of economic conditions, it is time for the government to go on a spree: raising spending and cutting taxes.
d. Countercyclical policy says that regardless of economic conditions, government should keep taxes high and restrain spending.
b. Countercyclical policy says that when the economy has slowed down, it is time for the government to go on a spree: raising spending and cutting taxes.
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