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malabranche13 malabranche13
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5 years ago

Question 1.

If the economy is in a recession, the full-employment deficit is ________ the actual deficit.



▸ larger than

▸ equal to

▸ smaller than

▸ equal to or larger than

Question 2.

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.
Textbook 
Principles of Economics

Principles of Economics


Edition: 12th
Authors:
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Brittany08196Brittany08196
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malabranche13 Author
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5 years ago
Just got PERFECT on my quiz
Liarec
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Yesterday
You make an excellent tutor!
patyfeitosa
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2 hours ago
Smart ... Thanks!
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