Assume that the economy is in a recession and the government is experiencing a budget deficit What happens if balanced budget fiscal policy is used to eliminate the deficit a Unemployment will fall b GDP will rise c The deficit could be eliminated if GDP rose d Government spending will fall e NTR w...

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Assume that the economy is in a recession and the government is experiencing a budget deficit. What

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Assume that the economy is in a recession and the government is experiencing a budget deficit. What happens if balanced-budget fiscal policy is used to eliminate the deficit?
a. Unemployment will fall.
b. GDP will rise.
c. The deficit could be eliminated if GDP rose.
d. Government spending will fall.
e. NTR will remain unchanged