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Refer to the Diagram, Where T Is Tax Revenues and G

question 200

Multiple Choice

  Refer to the diagram, where T is tax revenues and G is government expenditures. All figures are in billions of dollars. If the full-employment and actual GDP are each $400 billion, government can balance Its cyclically adjusted budget by A)  increasing T by $40 billion. B)  reducing G by $20 billion. C)  reducing T by $20 billion. D)  increasing T by $10 billion and reducing G by $20 billion. Refer to the diagram, where T is tax revenues and G is government expenditures. All figures are in billions of dollars. If the full-employment and actual GDP are each $400 billion, government can balance
Its cyclically adjusted budget by


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