In General,appropriate Fiscal Policy Would Involve a Budget

question 23

Multiple Choice

In general,appropriate fiscal policy would involve a budget

• A) deficit during a recession and a surplus during periods of inflationary full employment.
• B) balanced annually regardless of the economic climate.
• C) surplus at all times.
• D) that completely eliminates the national debt in a single year.
• E) that makes the actual budget deficit equal to the full-employment budget surplus.

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Definitions:

Lake Craft

Boats or vessels designed for navigation and use on lakes.

Kayak

A slim, pointed watercraft propelled by a double-bladed paddle, traditionally used for hunting and now also for sport and recreation.

Sports Merchandise

Products and apparel related to sports teams or events, sold as collectibles or fan gear.

Innocent Purchaser

A buyer who acquires property without knowledge of any existing claims, disputes, or encumbrances against it.