If taxes and government expenditures were constant and did not vary with income, then:
A) cyclical deficits would increase.
B) cyclical deficits would not exist.
C) structural deficits would increase.
D) structural deficits would not exist.
Correct Answer:
Verified
Q27: The budget deficit or surplus is:
A)easy to
Q28: If a cyclical surplus exists, the economy
Q29: During World War II, the economic boom
Q30: If actual income is $300 billion, potential
Q31: If actual income is $300 billion, potential
Q33: When the economy is operating close to
Q34: A policy of fiscal austerity could have
Q35: The structural deficit:
A)rises as the economy expands
Q36: The cyclical deficit:
A)is not affected by changes
Q37: Economists who focus on the need for
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