If the official federal budget shows a deficit of $200 billion while the structural budget is has a surplus of $200 billion, it can be concluded that: a. the intent of fiscal policy is very expansionary b. there is hyperinflation c. the unemployment rate is well above the natural rate d. state and local governments have large surpluses e. off-budget spending is counted in the official deficit but not in the structural deficit
This question was answered on: May 23, 2022
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