Suppose the economy is in a recession and the government is running a budget surplus. This implies the government is running a __________ and decreasing its __________. structural surplus; net debt structural deficit; net debt structural deficit; net asset structural surplus; net asset
Suppose the economy is in a recession and the government is running a budget surplus. This implies the government is running a __________ and decreasing its __________. structural surplus; net debt structural deficit; net debt structural deficit; net asset structural surplus; net asset
Chapter3: Financial Statements, Tools, And Budgets
Section: Chapter Questions
Problem 1LTAI
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Suppose the economy is in a recession and the government is running a budget surplus. This implies the government is running a __________ and decreasing its __________.
structural surplus; net debt
structural deficit; net debt
structural deficit; net asset
structural surplus; net asset
balanced budget; net asset
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