The structural deficit/surplus budget
a. measures the federal budget deficit/surplus as if the economy were at full employment.
b. measures the federal budget deficit/surplus as if the economy were in recession.
c. measures the federal budget deficit/surplus as if the economy were suffering from high inflation.
d. is used when structural unemployment is at a peak.
a
You might also like to view...
In the above figure, if a single-price monopolist maximized its profit, the deadweight loss in the market is equal to the area
A) ace. B) acg. C) ecg. D) bch.
Which factor of production receives the greatest share of the U.S. national income?
a. land b. labor c. capital d. entrepreneurship
Suppose the money market is in the liquidity trap and the Fed increases the supply of money. We expect that
A) people will end up willingly holding more money. B) the excess money holdings will flow into the loanable funds market and there will be a decrease in interest rates. C) interest rates will increase, since the demand curve for money is upward sloping in this case. D) eventually, via the transmission mechanism, Real GDP will increase.
Since the end of World War II in 1945, the world has experienced an accelerating movement toward
A. free trade. B. an increase in trade barriers. C. self-sufficiency in most industrial nations. D. a breakdown of international trade.