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Below is some information about the state of the budget and the economy.
1.A budget deficit and a recessionary gap.
2.A budget deficit and an inflationary gap.
3.A budget surplus and a recessionary gap.
4.A budget surplus and an inflationary gap.
-Refer to the information above to answer this question.When would a balanced-budget fiscal policy be counter-cyclical?
Intelligence Test
A standardized test designed to measure a person's intellectual capabilities and potential.
Public Law 94-142
also known as the Education for All Handicapped Children Act of 1975, mandates free and appropriate public education for children with disabilities in the least restrictive environment.
Intelligence Quotient
A numerical measure of a person's cognitive abilities in relation to their age group, often calculated by standardized tests.
Deviation Score
is a statistical measure representing the difference between an individual score and the mean of all scores.
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Q145: Distinguish between induced expenditure and autonomous expenditure.