The cyclically adjusted budget deficit for the United States:

A. rose to -7.1 percent of potential GDP in 2009 but has since declined.
B. was zero in 2009, but the cyclical deficit created by the recession was -7.1 percent of
potential GDP.
C. changed to a surplus in 2009.
D. rose to -10.1 percent of potential GDP in 2009 but has since declined.


A. rose to -7.1 percent of potential GDP in 2009 but has since declined.

Economics

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The monopolist has no supply curve because

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