
-If the full-employment GDP for the above economy is at L,the:
A) actual budget will entail a deficit.
B) cyclically adjusted budget will entail a deficit.
C) actual budget will entail a surplus.
D) cyclically adjusted budget will entail a surplus.
Correct Answer:
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Q86: Q87: Q92: Q101: The "cyclically adjusted budget" refers to: Q102: If you are told that the government Q115: The direction of discretionary fiscal policy cannot Q124: The cyclically adjusted deficit is the difference Q125: In Year 1, the actual budget deficit Q133: If the economy has a cyclically adjusted Q136: A cyclically adjusted budget deficit is also Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents![]()
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A)the inflationary