In what year did spending climb and tax collections fall to historically unusual levels, resulting in enormous deficits?

A recent accounting graduate from a major business school is searching for a place to begin his career as an accountant. This individual is best considered as

A) structurally unemployed. B) seasonally unemployed. C) cyclically unemployed. D) frictionally unemployed.

The incidence of a tax depends on whether the government collects the tax from buyers or sellers

Indicate whether the statement is true or false