For the Convenience of Analyzing the Part of the Deficit

question 104

Multiple Choice

For the convenience of analyzing the part of the deficit that is sensitive to fiscal policy,the actual deficit is divided into which of the following components?

• A)Automatic stabilizers and autonomous consumption.
• B)C,I,G,X,and M.
• C)Structural and cyclical deficits.
• D)Frictional and seasonal deficits.

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Definitions:

Civic Authorities

Government or municipal bodies responsible for managing local affairs, services, and regulations within a community or city.

Long-run Supply Function

A relationship showing the quantity of goods that will be supplied over a longer period when all inputs can be varied.

Rental Apartments

Housing units that are available for rent, typically within a larger building or complex, offering living accommodation to tenants.

Equilibrium Price

The price at which the quantity of a good or service supplied equals the quantity demanded, resulting in market balance.