Author Question: If the economy's full-employment output is $12 trillion, actual output is $12 trillion, and the ... (Read 58 times)

clippers! · **on:** Apr 19, 2019

Question 1

If the economy's full-employment output is $12 trillion, actual output is $10 trillion, and the budget deficit is $2 trillion, the deficit in this case is known as a

◦ natural employment deficit.
◦ cyclical deficit.
◦ structural deficit.
◦ debt deficit.

Question 2

If the economy's full-employment output is $12 trillion, actual output is $12 trillion, and the budget deficit is $40 billion, the deficit in this case is known as a

◦ natural employment deficit.
◦ cyclical deficit.
◦ structural deficit.
◦ fiscal deficit.

emsimon14 · **Reply #1 on:** Apr 19, 2019

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