Which of the Following Describes a Cyclically Balanced Budget

question 21

Multiple Choice

Which of the following describes a cyclically balanced budget?  

• A) Budget deficits during recessions are covered by budget surpluses during expansions. 
• B) Budget deficits ensure that the economy produces at its potential output. 
• C) Budgets are balanced annually, except during war. 
• D) Budget deficits do NOT occur.

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