Ask Question
28 January, 15:03

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."

+4
Answers (1)
  1. 28 January, 16:06
    0
    The correct answer is (A)

    Explanation:

    The actual and cyclically balanced spending plans will be equivalent when the economy is at full work (full employment level). The cyclically adjusted budget estimates what the Federal spending shortage or surplus would be at full employment level with existing duty and spending choices.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “When the economy is at full employment, a) the actual and the cyclically adjusted budgets will be equal. b) the cyclically adjusted budget ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers