Which of the following would increase the cyclically adjusted deficit?
A) an increase in income.
B) a decrease in income.
C) an increase in the primary deficit.
D) a decrease in the primary deficit.
E) none of the above
D
Economics
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How is the impact of expansionary fiscal policy different in an open economy than in a closed economy?
What will be an ideal response?
Economics
Which of the following is NOT true of the interest rate channel?
A) Bank loans play no special role. B) The Fed changes the real interest rate which affects the components of aggregate expenditures. C) Borrowers are indifferent as to how and from whom they raise funds. D) Alternative sources of funds are not substitutes for each other.
Economics