Unformatted text preview: policy-making body is called the CBO (c) it insures checking accounts against bank failure (d) it accepts deposits from individuals and makes loans for mortgages (e) All of the above 3. If the official federal budget shows a deficit of $200 billion while the structural budget is has a surplus of $200 billion, it can be concluded that: (a) the intent of fiscal policy is very expansionary (b) there is hyperinflation (c) the unemployment rate is well above the natural rate (d) state and local governments have large surpluses (e) off-budget spending is counted in the official deficit but not in the structural deficit...
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This note was uploaded on 04/30/2011 for the course ECON 101 taught by Professor Balaban during the Spring '07 term at UNC.
- Spring '07
- National Income