A structural deficit
A) is present only if real GDP is greater than potential.
B) exists even if real GDP equals potential.
C) equals the cyclical deficit plus the actual deficit.
D) is greater than a cyclical deficit.
E) none of the above.
Correct Answer:
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Q61: Use the figure below to answer the
Q62: Use the figure below to answer the
Q67: Automatic fiscal policy
A)requires action by Parliament.
B)is triggered
Q69: Which one of the following happens automatically
Q72: Use the figure below to answer the
Q74: Use the figure below to answer the
Q76: Discretionary fiscal policy
A)requires action by Parliament.
B)is triggered
Q80: Use the figure below to answer the
Q81: The economy is in a recession and
Q84: Expansionary fiscal policy
A)increases aggregate demand.
B)decreases aggregate demand.
C)increases
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