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    Economics Principles and Policy Study Set 1
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    Exam 33: Budget Deficits in the Short and Long Run
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    Figure 16-1 -In Figure 16-1, There Are Four Levels of Income.G Is
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Figure 16-1 -In Figure 16-1, There Are Four Levels of Income.G Is

Question 170

Question 170

Multiple Choice

Figure 16-1
Figure 16-1    -In Figure 16-1, there are four levels of income.G is government expenditures and TT is taxes less transfers.At which level of income is the actual deficit the greatest? A) Y₄ B) Y₃ C) Y₂ D) Y₁
-In Figure 16-1, there are four levels of income.G is government expenditures and TT is taxes less transfers.At which level of income is the actual deficit the greatest?


A) Y₄
B) Y₃
C) Y₂
D) Y₁

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