The Cyclical Deficit Is

question 94

Multiple Choice

The cyclical deficit is

• A)the amount by which the actual government budget deficit exceeds the structural deficit.
• B)the amount by which structural deficit exceeds the actual budget deficit.
• C)the same as the structural deficit.
• D)what the budget deficit would be if the economy were operating at the natural real GDP level.

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Definitions:

Misc. Expense

Miscellaneous Expenses, generally small or irregular costs that don't fit into other categories of a company's financial statements.

Petty Cash Fund

A small amount of cash kept on hand for minor, incidental expenses.

Replenishment

The process of replenishing inventory or stock to ensure that the optimal inventory level is maintained.

Auxiliary Petty Cash Record

A detailed ledger used to track the small cash expenditures handled through a petty cash fund.