If the Cyclically Adjusted Budget Shows a Deficit of Zero

question 117

Multiple Choice

If the cyclically adjusted budget shows a deficit of zero and the actual budget shows a deficit of about $150 billion, it can be concluded that there is

• A) built-in stability.
• B) a cyclical deficit.
• C) an expansionary fiscal policy.
• D) a contractionary fiscal policy.

---

Definitions:

Experience

The knowledge or skill acquired by observing, encountering, or undergoing something, typically influencing behavior or response to similar future events.

Cerebral Cortex

The cerebral cortex is the outer layer of the brain, involved in high-level brain functions such as thought, language, and consciousness.

Corpus Callosum

The corpus callosum is a wide band of nerve fibers connecting the left and right hemispheres of the brain, facilitating interhemispheric communication.

Communicate

The act of conveying information, feelings, or thoughts from one individual or group to another through various means, including verbal, non-verbal, or written channels.