The Table Below Shows the Full-Employment Budget Surplus as a Percentage

question 128

Multiple Choice

The table below shows the full-employment budget surplus as a percentage of GDP over a five-year period.
Refer to the above information.In which year was fiscal policy contractionary?

• A) Year 2
• B) Year 3
• C) Year 4
• D) Year 5

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Definitions:

Functionalism

A school of psychology that focused on how mental and behavioral processes function - how they enable an organism to adapt, survive, and flourish.

William James

A philosopher and psychologist who is often referred to as the father of American psychology, known for his work on pragmatism and functionalism.

Gestalt Psychology

A theory of mind and brain positing that the operational principle of the brain is holistic, parallel, and analog, with self-organizing tendencies.

Cognitive Psychology

A branch of psychology that studies mental processes including how people think, perceive, remember, and learn.