EBK MACROECONOMICS
EBK MACROECONOMICS
13th Edition
ISBN: 8220106847848
Author: PARKIN
Publisher: Pearson Education (US)
Question
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Chapter 13, Problem 8SPA

(a)

To determine

Explain whether the budget deficit is a structural or cyclical deficit.

(b)

To determine

Explain the automatic fiscal policy and output gap.

(c)

To determine

Explain the changes of structural deficit, when the government increases its discretionary expenditure.

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