The governments budget surplus in Macroland has risen consistentlyover the past five
Chapter 6, Problem 1(choose chapter or problem)
The governments budget surplus in Macroland has risen consistentlyover the past five years. Two government policy makersdisagree as to why this has happened. One argues that arising budget surplus indicates a growing economy; the otherargues that it shows that the government is using contractionaryfiscal policy. Can you determine which policy maker iscorrect? If not, why not?
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