The cyclically adjusted budget deficit calculates the budget surplus or deficit at
A) potential GDP. B) average GDP. C) real GDP. D) nominal GDP.
A
Economics
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If the government reduces spending ________
A) the IS curve will shift to the right B) output will increase if interest rates remain fixed C) consumption will increase D) all of the above E) none of the above
Economics
According to Keynes, the level of consumer expenditures was a stable function of
a. national income. b. gross income. c. disposable income. d. net income. e. None of the above
Economics