High-employment deficit or surplus is:

Question

Quizplus · Accepted Answer

The high-employment deficit or surplus refers to the budgetary position of a government (deficit or surplus) under conditions of full employment. It shows what the budget's status would be if the economy were operating at a level of employment where most people who want a job have one, without being so high as to cause inflation. This concept is used to evaluate a government's fiscal stance without the distortions caused by the business cycle.

High-Employment Deficit or Surplus Is