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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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