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Tidy Tidy
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8 years ago
Suppose that the federal budget is balanced when GDP is at potential GDP. If equilibrium GDP falls below potential
A) this will result in a current budget deficit.
B) the cyclically adjusted budget will be balanced.
C) government transfer payments will be rising and tax receipts will be falling.
D) All of the above are correct.
Textbook 
Essentials of Economics

Essentials of Economics


Edition: 4th
Authors:
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Repeat after me: 'Calm down. Things are gonna be fine. Things are gonna be all great. Just relax.' Wink Face
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SydnieSydnie
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8 years ago
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Tidy Author
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8 years ago
this is exactly what I needed
kamikazekota
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This helped my grade so much Perfect
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Thanks for your help!!
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