-Economic data for a mythical economy in the years 2012-2016 are summarized in the figure above. Assume that the spending formulas and tax schedules are identical for all years. When the economy is at full employment, the government has a

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When an economy is at full employment and assuming the spending formulas and tax schedules are identical for all years, the government is most likely to have a balanced budget. This is because tax revenues tend to increase with higher employment and income levels, matching government spending if the policies are designed to balance at full employment.

-Economic Data for a Mythical Economy in the Years 2012-2016