The full-employment deficit is
A) the number of jobs needed to restore full employment.
B) what the government budget deficit would be if the economy were at full employment.
C) the increase in government spending that would be needed to return the economy to full employment.
D) the extra amount paid to government workers in a recession.
Correct Answer:
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Q18: The type of tax receipts that has
Q19: The largest source of tax receipts for
Q20: Assume the marginal tax rate for income
Q21: Assume that the lost output due to
Q22: A decrease in the average tax rate,with
Q24: Government capital consists of
A)money owned by the
Q25: The average tax rate is
A)the fraction of
Q26: Roads and education are examples of
A)government physical
Q27: Taxes distort economic behaviour because
A)they change the
Q29: All of the following are government capital
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