The government is running a budget surplus while the economy is at its potential level. This implies the government is running a __________ and decreasing its __________. structural surplus; net debt structural surplus; net asset structural deficit; net debt balanced budget; net asset structural deficit; net asset

Suppose the economy is in a boom and the government is running a budget deficit. This implies the government is running a __________ and ___________ its net debt. structural deficit; increasing structural surplus; decreasing structural deficit; does not change structural surplus; increasing structural deficit; decreasing

Suppose the economy is currently in a boom and the government is running a structural budget deficit. This meansGroup of answer choicesthere cannot be an actual budget surplusthere cannot be an actual budget deficitthere is a cyclical budget surplusthere is a cyclical budget balance of zero

If a nation currently has a budget deficit, their income is not covering the cost of running their country. If this budget is not revised, the country will face _____________.a.A budget surplusb.A balanced budgetc.A mounting debtd.Discretionary fiscal policyClear my choice

Suppose the economy is at potential output when the government increases spending. In the long run, the economy will produce:Choose one answer from the options below.an output that is above potential output.its potential output.an output that is below potential output. its potential output at a lower aggregate price level.

If the federal​ government's expenditures are less than its tax​ revenues, then: a. a budget deficit results. b. the budget is balanced. c. the government is deficit spending. d. a budget surplus results.