The Table Below Shows the Full-Employment Budget Deficit as a Percentage

question 176

Multiple Choice

The table below shows the full-employment budget deficit as a percentage of GDP over a five-year period. Refer to the above information.In which year was fiscal policy expansionary?

• A)Year 2
• B)Year 3
• C)Year 4
• D)Year 5

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Definitions:

Recognition

The identification of something as having been previously seen, heard, known, or experienced; often involves memory retrieval.

Slides

Thin slices of material, typically glass, that are used to hold objects for examination under a microscope.

Recognition

The cognitive process of identifying a previously encountered or learned item, person, or situation.

Recall

The act of remembering or bringing back to memory previously learned information.