A cyclically adjusted budget deficit is also called a:
A)full- employment deficit.
B)cyclical deficit.
C)recession-caused deficit.
D)built-in stabilizer.

Question

Quizplus · Accepted Answer

A cyclically adjusted budget deficit is also known as a full-employment deficit because it measures the deficit that would exist if the economy were operating at full employment, removing the effects of the business cycle.

A Cyclically Adjusted Budget Deficit Is Also Called A