Suppose That the Federal Budget Is Balanced When GDP Is

question 17

Multiple Choice

Suppose that the federal budget is balanced when GDP is at potential GDP.If equilibrium GDP falls below potential

• A)this will result in a current budget deficit.
• B)the cyclically adjusted budget will be balanced.
• C)government transfer payments will be rising and tax receipts will be falling.
• D)All of the above are correct.

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Definitions:

Biometrics

The use of one or more devices that can authenticate someone based on one or more physical traits such as a fingerprint, an eyeball (retina), or a hand, or a behavioral trait such as voice or signature.

Facial Recognition

A technology that identifies or verifies a person's identity using their facial features.

Anti-malware

Software used to protect the operating system and applications.

Firewall

A network security device that monitors and controls incoming and outgoing network traffic based on predetermined security rules.