Author Question: If a budget is cyclically balanced, the government should run a surplus when the economy experiences ... (Read 97 times)

Charlie · **on:** Jun 30, 2018

If a budget is cyclically balanced, the government should run a surplus when the economy experiences an expansionary gap.
a. True
b. False
Indicate whether the statement is true or false

Question 2

A major cost of unemployment is lost production.
a. True
b. False
Indicate whether the statement is true or false