The cyclically adjusted deficit is the difference between annual government expenditures and tax revenues that would have occurred if the economy was:
A. in a recession.
B. at zero unemployment.
C. at full employment.
D. at the trough of the business cycle.
Answer: C
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An increase in the supply of loanable funds will decrease the rate of interest
Indicate whether the statement is true or false
If a tax is imposed on the buyers of a product, then the tax burden will fall entirely on the buyers
a. True b. False Indicate whether the statement is true or false
At a market clearing price
A. the quantity demanded will just equal the quantity supplied. B. there will be a tendency for price to rise over time. C. there will be an excess quantity demanded. D. the demand function will shift outward.
Recent research up to the crisis proceeded mainly on three fronts. Discuss each of them
What will be an ideal response?