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Furkat [3]
3 years ago
6

In Year 1, the actual budget deficit was $150 billion and the cyclically adjusted deficit was $125 billion. In Year 2, the actua

l budget deficit was $130 billion and the cyclically adjusted deficit was $125 billion. It can be concluded that from Year 1 to Year 2 a.real GDP increased. b.fiscal policy became less expansionary. c.full employment was attained d.real GDP decreased.
Business
1 answer:
olasank [31]3 years ago
4 0

Answer:

b.fiscal policy became less expansionary

Explanation:

Because, the actual budget deficit (government spending less taxes and other) decreases the State decrease theri participation in the aconomy by the 20 millons difference.

This means their welfare programs, military, political, public works and other spending decreases. It could also mean the taxes were raised to make up for the deficit.

In both, the government policy contracts a little bit.

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e. other insurance clause.

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Explanation:

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Answer:

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Explanation:

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3 years ago
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intrapreneurs

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One observation we made this week was that consumer surplus is maximized at a price of zero. We also learned that this is imprac
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Answer:

The description of the given problem is described in the below explanation segment.

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2 years ago
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