Use the Distinction Between Passive and Structural Deficits and Surpluses

question 27

Essay

Use the distinction between passive and structural deficits and surpluses to explain how the $5.9 trillion surplus that economists back in 2000 predicted would occur over 15 years quickly disappeared during the 2001/2002 recession.

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Definitions:

Heartbeat and Breathing

The physiological processes of cardiac rhythm and pulmonary ventilation that are essential to oxygenate the blood and remove carbon dioxide.

Medulla

The lower part of the brainstem, controlling vital functions such as heart rate and breathing.

Little Brain

A colloquial term for the cerebellum, a region of the brain that plays important roles in motor control and cognitive functions.

Brainstem

The lower part of the brain that connects the cerebrum with the spinal cord, responsible for controlling vital life functions such as breathing and heartbeat.