In 2011,Canada had ________.
A) a structural deficit and a cyclical deficit
B) a structural deficit and a cyclical surplus
C) a structural surplus and a cyclical deficit
D) a structural surplus and a cyclical surplus
E) a balanced structural budget and a cyclical deficit
Correct Answer:
Verified
Q81: The use of fiscal policy is limited
Q81: The economy is in a recession and
Q85: If the economy has a structural deficit
Q86: An advantage of automatic stabilizers over discretionary
Q86: When real GDP equals potential GDP of
Q88: If real GDP is less than potential
Q91: If the budget deficit is $50 billion
Q92: Which of the following policies shifts the
Q93: Choose the correct statement.
A)Contractionary fiscal policy can
Q95: Choose the correct statement.
A)Tax cuts increase aggregate
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