Figure 16-1 
-In Figure 16-1,there are four levels of income.G is government expenditures and TT is taxes less transfers.Y3 is the full-employment level of income.At Y3
A) there is an official deficit but a structural budget balance.
B) there is a structural deficit but an official budget surplus.
C) the official and structural deficit are in balance.
D) both the official and structural budgets show a deficit.
Correct Answer:
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