Complete the table below by stating whether the direction of discretionary fiscal policy was contractionary (C), expansionary (E), or neither (N), given the hypothetical budget data for an economy.
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Q27: Why do some economists, who favour government
Q28: In 2011, the public debt was $617
Q29: In Year 1, the full-employment budget showed
Q30: State three causes of the public debt.
Q31: Given the problems with fiscal policy, why
Q33: Identify five problems or complications that arise
Q34: What fiscal policy is most likely to
Q35: The following table shows government spending and
Q36: Differentiate between the federal deficit and the
Q37: How can the government finance its expenditures?
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