Since actual budget deficits surpassed 10 percent of gdp in, Microeconomics

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Since actual budget deficits surpassed 10 percent of gdp in

Since actual budget deficits surpassed 10 percent of GDP in 2009:

1. deficits as a percentage of GDP have remained constant but risen in dollar amounts.

2. the deficits as a percentage of GDP have fallen, but fiscal policy has remained expansionary.

3. deficits as a percentage of GDP have continued to rise.

4. fiscal policy has become contractionary.

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Microeconomics: Since actual budget deficits surpassed 10 percent of gdp in

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