Since Actual Budget Deficits Surpassed 10 Percent of GDP in 2009

question 130

Multiple Choice

Since actual budget deficits surpassed 10 percent of GDP in 2009,

• A)fiscal policy has become contractionary.
• B)the deficits as a percentage of GDP have fallen, but fiscal policy has remained expansionary.
• C)deficits as a percentage of GDP have continued to rise.
• D)deficits as a percentage of GDP have remained constant but risen in dollar amounts.

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