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Business, 22.11.2019 23:31 jakeyywashere

The cyclically-adjusted deficit as a percentage of gdp is 2 percent in year 1. this deficit becomes 1 percent of gdp in year 2. it can be concluded from year 1 to year 2 that:
a. fiscal policy was more expansionary
b. fiscal policy was more contractionary
c. the federal government is decreasing taxes
d. the federal government is increasing spending.

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The cyclically-adjusted deficit as a percentage of gdp is 2 percent in year 1. this deficit becomes...
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