Explain in words why the structural budget might show a surplus while the actual budget is in

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Explain in words why the structural budget might show a surplus while the actual budget is in deficit. Illustrate your answer with a diagram likeFigure.

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Macroeconomics Principles And Policy

ISBN: 9780324586213

11th Edition

Authors: William J. Baumol, Alan S. Blinder

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Question Posted: Sep 01, 2012 02:48 AM

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Explain in words why the structural budget might show a surplus while the actual budget is in

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左 T = Taxes-Transfers Surplus Deficit Gross Domestic Product

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The governments budget may be in deficit while the economy is in a recession In Figure below wh...View the full answer

Macroeconomics Principles And Policy

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