If the Cyclically Adjusted Budget Deficit Goes from 2 Percent

question 162

True/False

If the cyclically adjusted budget deficit goes from 2 percent to 1 percent of GDP, then it indicates that
fiscal policy has turned more contractionary.

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Definitions:

Political Opportunism

The practice of adapting one's actions and policies to gain personal or political advantage rather than following consistent principles.

Public-sector Workers

Employees of government agencies and publicly controlled or funded organizations, serving in various capacities.

National Banking Employees

Refers to individuals working within the banking sector at a national level, including roles from tellers to management.

Medical Care Professionals

Individuals specialized in the field of medicine who provide health care services, such as doctors, nurses, therapists, and pharmacists.