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Suppose that during a crisis, the actual primary deficit has continuously remained less than the cyclically adjusted primary deficit. Other things being equal, for debt
Suppose that during a crisis, the actual primary deficit has continuously remained less than the cyclically adjusted primary deficit. Other things being equal, for debt to remain sustainable, which of the following is true? O a. The economy will have to run a larger budget surplus; O b. If the cyclical deficit is very large, the actual deficit will have to be even lower than it is; O c. None of the other answers; O d. The economy will have to run a larger cyclical surplus after the crisis; O e. The cyclical deficit will have to decrease
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