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A Cyclically-Balanced Budget Philosophy Involves All,except One,of the Following

Question 143

Multiple Choice

A cyclically-balanced budget philosophy involves all,except one,of the following.Which is the exception?


A) It aims to balance the budget over the life of the business cycle.
B) It requires that governments spend more at times and less at other times.
C) It calls for budget deficits when there is recession and budget surpluses when there is an inflationary gap.
D) It implies that a government balances its budget in each year.

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