The Structural Deficit Can Be Defined as

Multiple Choice

The structural deficit can be defined as

A) the deficit that is structurally obstructing economic recovery to reach level of high employment.
B) a hypothetical construct that estimates the deficit, given current tax rates and expenditure policies, if the economy were operating at some fixed high-employment level.
C) the deficit necessary to restructure the economy and reach a desired high-employment level.
D) the deficit that would prevail if fiscal policy were structured differently in order to reach a desired high-employment level.