If the full-employment budget shows a deficit of about $100 billion and the actual budget shows a deficit of about $150 billion, it can be concluded that there is:
a. built-in stability
b. a cyclical deficit
c. an expansionary fiscal policy
d. a contractionary fiscal policy
Take a shot. Be sure to do a little research first. (read your text)
Economics - Artur, Thursday, April 29, 2010 at 8:47am
The correct answer is B.