The deficit at natural level of output is called
A) full-employment deficit.
B) mid-cycle deficit.
C) structural deficit.
D) cyclically adjusted deficit.
E) all of the above
E
Economics
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If the economy is at full employment, then an increase in government spending:
A. would simply crowd out private spending. B. would have too large an impact on real growth. C. would cause deflation, which would increase unemployment. D. is the right fiscal policy response.
Economics
If the demand for cream cheese produced by a dairy is perfectly elastic, then:
a. the demand curve will be vertical. b. the demand curve will be horizontal. c. the demand curve will be upward sloping. d. the demand curve will be downward sloping. e. the demand curve will initially slope upward and then slope upward.
Economics