If the economy has a structural deficit of $25 billion and a cyclical deficit of $75, we can conclude that the current budget deficit is _______ billion.
A) $125
B) $50
C) $75
D) $100
E) $25
Correct Answer:
Verified
Q86: Expansionary fiscal policy
A)increases long- run aggregate supply.
B)decreases
Q87: If real GDP is less than potential
Q88: The use of fiscal policy is limited
Q89: The economy is in a recession, the
Q90: The economy is in a recession and
Q91: When real GDP equals potential GDP of
Q92: The economy is in a recession and
Q93: Discretionary fiscal policy is risky because it
Q94: In 2016, Canada had
A)a structural surplus and
Q95: Choose the correct statement.
A)Tax cuts increase aggregate
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