The structural deficit is the deficit that
a. is composed by of nondiscretionary spending by the federal government.
b. results from the economy being below its natural rate of output.
c. exists when output is at its natural rate of output.
d. results from temporary tax cuts.
e. all of the above
C
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Barter is
A) the exchange of money for goods and then the exchange of those goods for money. B) the exchange of money for money, or the exchange of money for stocks and bonds. C) the exchange of goods and services for goods and services without the use of money. D) any exchange, with or without the use of money, in which the participants negotiate (or barter) the price of the goods to be exchanged.
The revenue that the federal government collects from payroll taxes is earmarked to pay for
a. national defense and income security (welfare) programs b. national defense and Medicare c. Social Security and public schools d. Social Security and Medicare