The Cyclically Adjusted Surplus in the U

question 62

Multiple Choice

The cyclically adjusted surplus in the U.S. went from +1.2 percent of GDP in 2000 to −1.2 percent of GDP in 2002. This suggests that the government during that period

• A) cut taxes and/or increased spending.
• B) increased taxes and/or cut spending.
• C) wanted to rein in inflation.
• D) did not change its discretionary fiscal policy.

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Definitions:

Commitment

The decision to devote oneself to a cause or another person.

Gender Differences

The distinct variations in characteristics, behaviors, or attitudes observed between males and females, often attributed to social, cultural, and biological factors.

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A developmental psychologist known for his theory on the psychosocial development of human beings.

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The process through which individuals develop a distinct sense of self or personal identity, often highlighted during adolescence.