If the full-employment budget shows a deficit of about $100 billion and the actual budget shows a deficit of about $150 billion, it can be concluded that there is:
a. built-in stability
b. a cyclical deficit
c. an expansionary fiscal policy
d. a contractionary fiscal policy

Take a shot. Be sure to do a little research first. (read your text)

  1. 👍 0
  2. 👎 0
  3. 👁 144
asked by Cris
  1. The correct answer is B.

    1. 👍 0
    2. 👎 0
    posted by Artur

Respond to this Question

First Name

Your Response

Similar Questions

  1. Economics

    When the economy is at full employment, should the federal government run a budget deficit, surplus . Or neither? Explain. Remember WWII? The US was at full employment then...but the expenditures great. I am not and economics

    asked by Paul on July 16, 2006
  2. Economics

    36. Consider a depressed economy that, even after significant monetary stimulus efforts that pushed short-term interest rates to close to zero, still experiences a recessionary gap of 1,200 billion dollars and 10 % unemployment

    asked by Abdo on December 17, 2019
  3. Government US

    28. Which of the following statements is true? a. X The national debt was eliminated in 1998. b.X The Chair of the Fed creates the president’s budget on an annual basis. c. Keynes advocated deficit spending to counteract an

    asked by HM on October 4, 2011
  4. Economics

    Questions: 1. What is the size of the budget deficit? 2.What is the current national debt? My answers: I believe that the size of the budget deficit is $83 Billion. I think that the current national debt is in millions of dollars

    asked by Sarah on May 5, 2007
  5. macroeconomics

    The federal budget passed by Congress and signed by the president shows the relationship between budgeted expenditures and projected revenues. Why does the budget require a forecast of the economy? Under what circumstances would

    asked by Amber on December 13, 2009
  6. math

    Some time ago, one of the United States was facing a budget deficit of $1.5 billion. The population of the state was approximately 3.4 million. How much would each person in the state have to contribute to pay a $1.5 billion

    asked by jess on September 10, 2019
  7. Macroeconimcs

    2. Suppose the national debt is $80 trillion and the government spends $800 billion during the fiscal year on goods and services. In addition, the government collects tax revenues of $600 billion and makes transfer payments equal

    asked by Tracy on March 25, 2017
  8. Math

    With these ideas in mind, evaluate—in a paragraph each—the following data depictions. U.S. Federal Budget Policy Outlays by Category for 2015. (U.S. Federal Budget for 2011.) p. 153. This display shows expected expenditures of

    asked by Tracy on November 17, 2013
  9. macroeconomics

    what happens to the net public debt if the federal government operates next year with a : budget deficit, balanced budget, budget surplus

    asked by aimee on September 20, 2010
  10. Government

    In recent years public discussion has focused on the existence of federal budget deficits. Several key factors have led to increased budget deficits, and a number of proposals have been offered to address the problem. (a) Define

    asked by Acevedo on April 27, 2018

More Similar Questions