If the Cyclically-Adjusted Budget Deficit Goes from 2% to 1

question 161

True/False

If the cyclically-adjusted budget deficit goes from 2% to 1% of GDP, then it indicates that fiscal policy has turned more contractionary.

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Definitions:

Non-material Culture

The ideas, beliefs, practices, and values of a society, in contrast to its physical objects and technology (material culture).

Material Culture

The physical objects, resources, and spaces that people use to define their culture, including homes, places of worship, and items of daily use.

Cultural Norms

Established standards of behavior or beliefs that are accepted and expected within a specific culture or society.

Culture

A complex collection of values, beliefs, behaviours, and material objects shared by a group and passed on from one generation to the next.