The cyclical deficit is the portion of the deficit

A) that would exist if the economy were at full employment.
B) that does not add to the national debt.
C) that is the result of nondiscretionary federal spending.
D) created by fluctuations in real GDP.
E) that is the result of discretionary federal spending.

D

Economics

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Which statement is true?

A. We have had at least one recession in the 1940s, 1950s, 1960s, 1970s, 1980s, and 1990s. B. We have had at least two recessions in any one decade since World War II. C. We have had at least three recessions in all of the decades since World War II. D. None of the choices are true.

Economics

Which of the following statement is normative?

A. A large budget surplus is likely to lower interest rates. B. Higher taxes are needed to support education. C. The interest rate increases are the result of Federal Reserve actions to decrease the money supply. D. Trade deficits frequently occur in conjunction with budget deficits.

Economics