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1. Explain (by providing an example not from the textbook) when each of the following would occur?

a. Budget deficit.

b. Budget surplus.

c. Balanced budget.

d. Cyclical deficit.

e. Structural deficit

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Vaishnavi Kanukurti
Vaishnavi KanukurtiLv10
28 Sep 2019

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Related questions

When the interest rate in an economy increases, it is likely the result of either:
a. an increase in the government budget surplus or its budget deficit.
b. a decrease in the government budget surplus or its budget deficit.
c. an increase in the government budget surplus or a decrease in its budget deficit.
d. a decrease in the government's budget surplus or an increase in its budget deficit.
Ā 

Assume the following information for an imaginary, closed economy.

GDP = $100,000; Taxes = $22,000; Government purchases = $25,000; National saving = $15,000.Ā 

This economy's government is running a

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B) budget surplus of $12,000.

C) budget deficit of $3,000.

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The total value of all outstanding federal government securities is
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D. the government budget surplus.

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