Question: I do not understand this question at all, please assist: Under balanced budget laws, fiscal policy a.will be acyclical. b.will be pro-cyclical. c.will be counter-cyclical.

I do not understand this question at all, please assist:

Under balanced budget laws, fiscal policy

a.will be acyclical.

b.will be pro-cyclical.

c.will be counter-cyclical.

d.may be counter-cyclical if the country has a currency board and pro-cyclical otherwise.

e.may be counter-cyclical if the country has an independent central bank and pro-cyclical otherwise.

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