Multiple Choice
From 2007 to 2009, the federal deficit as a percentage of GDP rose from about 2 percent to about 9 percent. This indicates that by 2009,
A) all of the deficit was cyclical.
B) most of the deficit was cyclical.
C) all of the deficit was structural.
D) most of the deficit was structural.
Correct Answer:
Verified
Correct Answer:
Verified
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