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Economics (MindTap Course List)

13th Edition
Roger A. Arnold
ISBN: 9781337617383

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BuyFindarrow_forward

Economics (MindTap Course List)

13th Edition
Roger A. Arnold
ISBN: 9781337617383
Textbook Problem

What is the difference between a structural deficit and a cyclical deficit?

To determine

Identify the difference between the structural deficit and the cyclical deficit.

Explanation

The structural deficit is the part of the budget deficit, and it appears if the economy operates at natural real GDP. Hence, this is also known as a natural employment deficit...

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