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Suppose the equation for Loksha's budget is given as: Budget balance = 310 + 0.3YIf its level of income is presently $1,100, and it has
Suppose the equation for Loksha's budget is given as: Budget balance = 310 + 0.3YIf its level of income is presently $1,100, and it has a budget deficit $80, how much is its cyclical deficit and how much is its structural deficit?Cyclical deficit: $ Structural deficit:$
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