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NYC NYC
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8 years ago
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:
A) fiscal deficit.
B) cyclical deficit.
C) structural deficit.
D) natural employment deficit.
Textbook 
Principles of Macroeconomics

Principles of Macroeconomics


Edition: 11th
Authors:
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JesslynJesslyn
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8 years ago
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NYC Author
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8 years ago
I was thinking the same, thank you
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