When a country’s economy is producing at a level that exceeds its potential GDP, the standardized employment budget will show a __________________ than the actual budget.
A. smaller surplus
B. smaller deficit
C. larger deficit
D. surplus
Answer:B
When a country’s economy is producing at a level that exceeds its potential GDP, the standardized employment budget will show a __________________ than the actual budget.
A. smaller surplus B. smaller deficit C. larger deficit D. surplus
Explanation: Type: Multiple Choice