The Cyclically Adjusted Budget Refers to

question 237

Multiple Choice

The cyclically adjusted budget refers to

• A) the inflationary impact that the automatic stabilizers have in a full-employment economy.
• B) that portion of a full-employment GDP that is not consumed in the year it is produced.
• C) the size of the federal government's budgetary surplus or deficit when the economy is operating at full employment.
• D) the number of workers who are underemployed when the level of unemployment is 4 to 5 percent.

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Definitions:

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