If the economy is in a recession, and the government has a budget deficit, then there

Name: If the economy is in a recession, and the government has a budget deficit, then there
Brand: Quizplus
Rating: 5.0 (41 reviews)

Question

Quizplus · Accepted Answer

In a recession, the government's tax revenues will fall, and its spending on unemployment benefits and other social programs will rise. This will lead to a budget deficit. If the budget deficit is not due to a temporary shock, such as a natural disaster, then it is likely to be a structural deficit.

If the Economy Is in a Recession, and the Government