If the Full-Employment Surplus as a Percentage of GDP Is

question 117

Multiple Choice

If the full-employment surplus as a percentage of GDP is zero in one year, and 2 percent of GDP the next year, it can be concluded that:

• A)fiscal policy is expansionary.
• B)fiscal policy is contractionary.
• C)the federal government is borrowing money.
• D)the federal government is lending money.

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Definitions:

Secondary Research Analysis

The process of synthesizing and analyzing data that was collected by someone else for a purpose other than the current research objective.

Disadvantage

A condition or situation that causes an individual or group to be in a less favorable position, often affecting their ability to compete or succeed.

Data Collection

The process of gathering and measuring information on variables of interest in an organized and systematic way for research purposes.

Causal Relationship

A connection between two variables where a change in one directly influences the change in the other.