Suppose That the Economy Has a Structural Deficit of $200

question 106

Multiple Choice

Suppose that the economy has a structural deficit of $200 billion and is operating above potential output. From this we can infer that the budget as a whole:

• A)is in deficit.
• B)is balanced.
• C)is in surplus.
• D)could be in deficit, in surplus, or balanced.

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Definitions:

Maureen Chiquet

A prominent business executive known for her leadership roles in global fashion and retail companies, including as CEO of Chanel.

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