The structural budget balance tells us:
A) that in a full-employment economy the federal budget should be in balance.
B) that tax revenues should vary inversely with GDP.
C) what the size of the budget deficit or surplus would be if the economy were at potential output.
D) the actual budget deficit or surplus realized in any given year.
Correct Answer:
Verified
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
Q44: The "structural budget balance" refers to:
A) the
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
Q50: 
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