The structural surplus

Question content area bottom

Part $1$

A$.$

is the government budget surplus that would exist if the economy was at full employment.

B$.$

equals the actual surplus plus the cyclical surplus.

C$.$

fluctuates over the business cycle..

D$.$

is legally required to be positive.

E$.$

$$is$,$ by$$ definition, equal to the negative of the cyclical deficit.