The "structural budget balance" refers to:
A) the inflationary impact which the automatic stabilizers have in a full-employment economy.
B) that portion of potential GDP which is not consumed in the year it is produced.
C) the size of the federal government's budgetary surplus or deficit when the economy is operating at full employment.
D) the number of workers who are underemployed when the level of unemployment is 7 to 8 percent.
Correct Answer:
Verified
Q39: Budget policy is government policy on:
A) spending
Q40: To the economist, the term fiscal policy
Q41: Contractionary or restrictive fiscal policy is so
Q42: The direction of discretionary fiscal policy can
Q43: The structural budget balance shows what the
Q45: The structural budget balance tells us:
A) that
Q46: A structural budget deficit is also called
Q47: An effective expansionary fiscal policy will:
A) reduce
Q48: Economists refer to the government budget balance
Q49: If the structural budget balance is deficit
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents