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:

Salient Beliefs

Prominent or most noticeable beliefs held by an individual which strongly influence attitudes and behavior.

Importance Weights

Values assigned to variables or criteria to reflect their relative significance or contribution in a decision-making process, analysis, or model.

Pie Charts

Circular statistical graphics divided into slices to illustrate numerical proportion.

Quantitative Totals

Numerical aggregations or sums that represent amounts, typically used in data analysis or reporting.