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The cyclically adjusted budget refers to: the inflationary impact that the automatic stabilizers have in a full-employment economy. that portion of a full-employment GDP that is not consumed in the

The cyclically adjusted budget refers to:

  1. the inflationary impact that the automatic stabilizers have in a full-employment economy.

  2. that portion of a full-employment GDP that is not consumed in the year it is produced.

  3. the size of the federal government's budgetary surplus or deficit when the economy is operating at full employment.

  4. the number of workers who are underemployed when the level of unemployment is 4 to 5 percent.

Jul 10 2021 View more View Less

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