Multiple Choice
The cyclically adjusted budget deficit for the United States
A) rose to −7.6 percent of potential GDP in 2009 but has since declined.
B) was zero in 2009, but the cyclical deficit created by the recession was −7.6 percent of potential GDP.
C) changed to a surplus in 2009.
D) rose to −10.1 percent of potential GDP in 2009 but has since declined.
Correct Answer:
Verified
Correct Answer:
Verified
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