Year 1 NM& 2 3 4 95 6 7 8 9 Refer to the data in the table. The direction of fiscal policy became more expansionary from Multiple Choice о о Actual Budget Deficit (-) or Surplus (+) +1.4% +2.5 +1.3 -1.5 -3.4 -3.5 -2.6 -1.9 -1.3 O O Year 1 to 2. Year 6 to 7. Year 4 to 5. Cyclically Adjusted Deficit (-) or Surplus (+) +0.1% +1.1 +1.1 -1.1 -2.7 -2.4 -1.8 -1.8 -1.4 Year 5 to 6.

Year 1 NM& 2 3 4 95 6 7 8 9 Refer to the data in the table. The direction of fiscal policy became more expansionary from Multiple Choice о о Actual Budget Deficit (-) or Surplus (+) +1.4% +2.5 +1.3 -1.5 -3.4 -3.5 -2.6 -1.9 -1.3 O O Year 1 to 2. Year 6 to 7. Year 4 to 5. Cyclically Adjusted Deficit (-) or Surplus (+) +0.1% +1.1 +1.1 -1.1 -2.7 -2.4 -1.8 -1.8 -1.4 Year 5 to 6.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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