When an economy is above full employment and the government has a budget deficit, that deficit_________
A) is equal to the structural deficit minus the cyclical deficit
B) is equal to the cyclical deficit minus the structural deficit
C) is less than the structural deficit
D) exceeds the structural deficit
Correct Answer:
Verified
Q125: During an expansion, tax revenues _, while
Q126: Needs-tested spending _during recessions and _during expansions.
A)
Q127: During an expansion, tax revenues _and government
Q128: Because of automatic fiscal policy, when real
Q129: A structural deficit occurs when the government
Q131: The structural deficit is the deficit
A) caused
Q132: The structural deficit is the deficit that
Q133: The government budget deficit tends to decrease
Q134: The structural deficit or surplus is the
A)
Q135: The cyclical deficit is the portion of
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