34. Imagine that an economy is operating at its full capacity, but still, its government incurring a budget deficit. This type of deficit is known as A. structural deficit. B. natural employment deficit. C. monetary deficit. D. cyclical deficit. C d

34. Imagine that an economy is operating at its full capacity, but still, its government incurring a budget deficit. This type of deficit is known as A. structural deficit. B. natural employment deficit. C. monetary deficit. D. cyclical deficit. C d

ECON MACRO

5th Edition

ISBN:9781337000529

Author:William A. McEachern

Publisher:William A. McEachern

Chapter12: Federal Budgets And Public Policy

Section: Chapter Questions

Problem 4.9P

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Question

34. Imagine that an economy is operating at its full capacity, but still, its government incurring a budget deficit. This type of deficit
is known as
A. structural deficit.
B. natural employment deficit.
C. monetary deficit.
D. cyclical deficit.
C
d
b

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