Multiple Choice
Suppose an economy is operating below Potential Real GDP and the government has a structural deficit equal to $100 billion.If the total government deficit is equal to $150 billion then the cyclical deficit is equal to:
A) $150 billion.
B) $250 billion.
C) $50 billion.
D) $100 billion.
Correct Answer:
Verified
Correct Answer:
Verified
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