Question
What is the full-employment budget surplus, and why might it be more useful measure than the actual, or adjusted, budget surplus? The text provides other
What is the full-employment budget surplus, and why might it be more useful measure than the actual, or adjusted, budget surplus? The text provides other names for this measure, such as cyclically adjusted surplus and structured surplus. Why might we prefer to use these other terms?
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Modern Principles of Economics
Authors: Tyler Cowen, Alex Tabarrok
3rd edition
1429278390, 978-1429278416, 1429278412, 978-1429278393
