Explain the distinction among the following concepts: (a) Cyclical deficit (b) Structural deficit (c) Natural employment deficit

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Explain the distinction among the following concepts:
(a) Cyclical deficit
(b) Structural deficit
(c) Natural employment deficit

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Macroeconomics

ISBN: 978-0138014919

12th edition

Authors: Robert J Gordon

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Question Posted: Dec 09, 2015 03:10 AM

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Explain the distinction among the following concepts: (a) Cyclical deficit (b) Structural deficit (c) Natural employment deficit

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a The cyclical deficit occurs because of a business cycle It ...View the full answer

Macroeconomics

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