Which of the following is true about the actual and structural budget surplus in Canada?
A) The actual budget surplus was significantly less than the structural budget surplus during the last three recessions reflecting the importance of automatic stabilizers.
B) The actual budget surplus was significantly larger than the structural budget surplus during the last three recessions reflecting the importance of automatic stabilizers.
C) The actual budget surplus was not significantly different than the structural budget surplus during the last three recessions indicating that the automatic stabilizers were not important.
D) The actual budget surplus was not significantly different than the full-employment budget surplus during the last three recessions indicating that the automatic stabilizers were not important.
Correct Answer:
Verified
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