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Author Question: If the economy's full-employment output is $12 trillion, actual output is $12 trillion, and the ... (Read 34 times)

clippers!

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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.


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Marked as best answer by clippers! on Apr 19, 2019

emsimon14

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clippers!

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Reply 2 on: Apr 19, 2019
YES! Correct, THANKS for helping me on my review


adf223

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Reply 3 on: Yesterday
:D TYSM

 

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