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Business, 15.02.2020 05:49 perezsamantha3oqr0za

In Year 1, the actual budget deficit was $150 billion and the cyclically adjusted deficit was $125 billion. In Year 2, the actual budget deficit was $130 billion and the cyclically adjusted deficit was $125 billion. It can be concluded that from Year 1 to Year 2 a. real GDP increased. b. fiscal policy became less expansionary. c. full employment was attained d. real GDP decreased.

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