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Economists Refer to a Budget Deﬁcit That Exists When the Economy

Question 58

Multiple Choice

Economists refer to a budget deﬁcit that exists when the economy is achieving full employment as a

A) cyclical deﬁcit.
B) cyclically adjusted deﬁcit.
C) natural deﬁcit.
D) nonrecurring deﬁcit.

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