The Structural Deficit Is That Deficit That Would Exist

question 84

Multiple Choice

The structural deficit is that deficit that would exist

• A) with the taxes and outlays that would occur if the economy was at the equilibrium level of real GDP.
• B) if tax rates were set to maximize tax revenues.
• C) with the taxes and outlays that would occur if the economy was at the full employment level of real GDP.
• D) if there were no discretionary fiscal interventions into the economy.

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Definitions:

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