Each of the Following Changes Would Allow the Measured Budget

question 18

Multiple Choice

Each of the following changes would allow the measured budget deficit to provide a truer picture of fiscal policy except:

• A) correcting for the effects of inflation.
• B) offsetting changes in government liabilities with changes in government assets.
• C) excluding some liabilities altogether.
• D) correcting for the effects of the business cycle.

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Definitions:

Brown Algae

Multicelled marine protists with a brown accessory pigment in their chloroplasts.

Foraminiferan

Marine protozoans with calcareous shells, found in both fresh and marine waters, which are often used as indicators in paleoclimatology studies.

Radiolarian

Microscopic, planktonic marine organisms with intricate silica skeletons, used as paleoclimatic indicators.

Mineral-based Shell

A hard, protective outer layer created by some organisms, composed primarily of minerals.