The economy's structural deficit widens when _____.
A) government borrowings increase during a period of recession
B) private borrowings are higher than government borrowings
C) government borrowings increase during a period of economic growth
D) the government's external borrowings are greater than its internal borrowings
Correct Answer:
Verified
Q38: Suppose national output is £3500, autonomous consumption
Q39: What does the balanced budget multiplier state?
A)
Q40: The value of the multiplier increases when
Q41: How is the multiplier calculated in an
Q42: The total outstanding government debt from borrowings
Q44: Which of the following is true of
Q45: During a recession, tax cuts are considered
Q46: An economy's structural budget _.
A) is not
Q47: The government collects data on economic activity
Q48: Which of the following is true of
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