The Cyclically-Adjusted Surplus in the U

question 6

Multiple Choice

The cyclically-adjusted surplus in the U.S. went from +1.2% of GDP in 2000 to +0.6% of GDP in 2002. This suggests that the government during that period:

• A) Cut taxes and increased spending
• B) Increased taxes and cut spending
• C) Wanted to rein in inflation
• D) Did not change its discretionary fiscal policy

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Definitions:

Digital Divide

The gap between individuals, households, businesses, and geographic areas at different socio-economic levels with regard to their opportunities to access information and communication technologies (ICTs).

Organizational Response

Refers to how an organization reacts to internal or external stimuli, which can include changes in the market, competition, or regulations.

Control

The power to influence or direct people's behavior or the course of events, or in a technical context, mechanisms or procedures to regulate and guide the operation of a system or device.

BYOD Challenge

The challenges faced by organizations in allowing employees to use their personal devices for work purposes, including security and compatibility concerns.