The structural budget balance shows what the budget balance would be:
A) if the economy were at recession.
B) if the economy were at potential output.
C) if the economy were at boom.
D) if the economy at inflationary gap.
Correct Answer:
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Q38: Suppose that the government cuts taxes and
Q39: Budget policy is government policy on:
A) spending
Q40: To the economist, the term fiscal policy
Q41: Contractionary or restrictive fiscal policy is so
Q42: The direction of discretionary fiscal policy can
Q44: The "structural budget balance" refers to:
A) the
Q45: The structural budget balance tells us:
A) that
Q46: A structural budget deficit is also called
Q47: An effective expansionary fiscal policy will:
A) reduce
Q48: Economists refer to the government budget balance
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