The Current Stated Fiscal Policy of Both Major Australian Political

question 114

Multiple Choice

The current stated fiscal policy of both major Australian political parties is to:

• A)run deficits when economic growth is high.
• B)run surpluses when economic growth is low.
• C)have a balanced budget over each fiscal year.
• D)have a balanced budget over the course of the business cycle.
• E)always run surpluses.

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Definitions:

Miraculously Spared

Unharmed or saved from a dangerous or potentially fatal situation in a way that seems extraordinary or beyond the ordinary course of events.

Survivor Guilt

An emotional condition experienced by those who have survived a traumatic event, feeling guilt for having survived when others did not.

Challenging Situation

Circumstances that require novel solutions or responses, often perceived as difficult to overcome.

Lived Through

An expression describing having experienced or endured a significant event or period, often implying surviving difficulties or challenges.