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Author Question: If the economy's full-employment output is $9 trillion, actual output is $9 trillion, and the budget ... (Read 105 times)

leo leo

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Question 1

If the economy's full-employment output is $6 trillion, actual output is $3.5 trillion, and the budget deficit is $20 billion, 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 $9 trillion, actual output is $9 trillion, and the budget deficit is $20 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 leo leo on Apr 19, 2019

anyusername12131

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leo leo

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


laurnthompson

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Reply 3 on: Yesterday
Excellent

 

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