If the Structural Deficit Is Zero

question 92

Multiple Choice

If the structural deficit is zero,

• A)Federal tax revenue equals federal government expenditures at any equilibrium GDP.
• B)If the economy goes above full employment,the cyclical deficit will get larger.
• C)If the economy enters a recession,a budget surplus will result,ceteris paribus.
• D)At full employment,the budget is balanced.

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Definitions:

Negotiations

The process in which two or more parties discuss an issue with the goal of reaching a mutually acceptable agreement.

National Labor Relations Board

An independent US agency that enforces the NLRA by addressing labor disputes and ensuring fair labor practices.

Collective Bargaining Agreement

A legally binding contract negotiated between a union and an employer that outlines wages, hours, and working conditions.

Collective Bargaining

The process where unions and employers negotiate over wages, working conditions, benefits, and other aspects of employment.