
In early 2013, economists predicted that the U.S. economy would grow more rapidly than had been predicted. If this prediction comes true, then the structural deficit will ________ than had been predicted.
A) shrink more rapidly
B) shrink more slowly
C) increase more slowly
D) None of the above are correct because the growth of the economy does not affect the size of the structural deficit.
Correct Answer:
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Q145: Q146: A cyclical surplus is a Q147: Q151: If the economy has a structural deficit Q153: When an economy is above full employment Q155: In early 2013, economists predicted that the Q159: The actual budget deficit is equal to Q161: An increase in government expenditure shifts the Q162: Suppose that the government increases taxes. One Q165: When real GDP is less than potential
A) budget surplus
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