Answer Happy

6. Fiscal policy will not be expansionary unless the government A. runs a full employment deficit B. maintains a balanced full employment budget C. runs a full employment surplus D. maintains a balanced budget in order to maintain confidence it the government's ability to pay its debts. 7. From 1931 through the end of the Great Depression, the federal government A. runs budget surpluses; B. runs actual budget deficits in most years, but also maintains a full employment budget surplus in most years, c. runs both actual and full employment budget deficits, D. maintains a balanced budget 8. Economie justifications of large land grants to railroads include A. compensation for positive production externalities B. provision of a source of financing as railroads could sell the land or borrow against it C. increased value of the remaining government's land D. All of the above are economic justifications of the land grants.