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When economies are in recessions, they tend to experience _____ and when they are in expansions, they are more likely to run _____

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When economies are in recessions, they tend to experience _____ and when they are in expansions, they are more likely to run _____. For this reason, it may be useful to separate out the effects of discretionary fiscal policy using the _____.

a) Deficits; surpluses; cyclically balanced budget,

b) Surpluses; deficits; cyclically balanced budget,

c) Deficits; debts; cyclically balanced budget,

d) Inflation; deflation; monetarily balanced budget,

e) Disinflation; deflation; monetarily balanced budget.