新规之后，减税和加政府支出被抵消，不就相当于原本的税额增加了，原本的政府支出被减少了，T+ G-，不应该理解为在原有基础上紧缩的财政政策吗？

问题如下：

A "pay-as-you-go" rule, which requires that any tax cut or increase in entitlement spending be offset by an increase in other taxes or reduction in other entitlement spending, is an example of which fiscal policy stance?

选项：

Neutral.

Expansionary.

Contractionary.

解释：

A is correct.

A "pay-as-you-go" rule is a neutral policy because any increases in spending or reductions in revenues would be offset. Accordingly, there would be no net impact on the budget deficit/surplus.

考点： fiscal policy

题目中说道，支出或者是税收的增加以及减少都会被最终抵消，那么这样的政策就是是中性的。本题可以当做一个补充知识点记忆一下。