A structural budget deficit
A) appeared during the Vietnam War era from 1966-68.
B) appeared after 1982 due to tax cuts and spending increases.
C) peaked at 5 percent of GDP in mid-1986 and had become a structural surplus by 1997.
D) all of the above.
Correct Answer:
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Q37: Figure 5-1 Q38: The actual government budget surplus _ be Q39: The natural employment deficit _ be used Q40: A prominent postwar pattern of U.S.government budget Q41: An increase in government expenditures that _ Q43: A large government budget deficit _ government Q44: A government budget surplus Q45: Given the average tax rate t,a general Q46: Suppose we have an economy in which Q47: In a closed economy,an increase in government
A)decreases a country's ability
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