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wldcatwndrgrl
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As a result of the decrease in consumer confidence, Real GDP falls below Natural Real GDP. As the government prepares to remedy this situation, the total budget deficit increases from $300 billion at full employment to $450 billion.
The government's cyclical budget deficit equals ___________.
A. $150 billion
B. $450 billion
C. $750 billion
D. $300 billion
The government's cyclical budget deficit equals ___________.
A. $150 billion
B. $450 billion
C. $750 billion
D. $300 billion