When the economy is at full employment: one cannot generalize in comparing the a
ID: 1100345 • Letter: W
Question
When the economy is at full employment:
one cannot generalize in comparing the actual and the cyclically-adjusted budgets.
the cyclically-adjusted budget will show a surplus and the actual budget will show a deficit.
the actual budget will show a surplus and the cyclically-adjusted budget will show a deficit.
the actual and the cyclically-adjusted budgets will be equal.
one cannot generalize in comparing the actual and the cyclically-adjusted budgets.
the cyclically-adjusted budget will show a surplus and the actual budget will show a deficit.
the actual budget will show a surplus and the cyclically-adjusted budget will show a deficit.
the actual and the cyclically-adjusted budgets will be equal.
Explanation / Answer
D
the actual and the cyclically-adjusted budgets will be equal.
D
the actual and the cyclically-adjusted budgets will be equal.