Business, 06.12.2019 02:31 samdoesmath6352

When the economy is at full employment,
a) the actual and the cyclically adjusted budgets will be equal.
b) the cyclically adjusted budget will show a surplus and the actual budget will show a deficit.
c) the actual budget will show a surplus and the cyclically adjusted budget will show a deficit.
d) one cannot generalize in comparing the actual and the cyclically adjusted budgets."

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When the economy is at full employment,
a) the actual and the cyclically adjusted budgets wil...