Answer Happy

Suppose all tax collections are fred and independent of income and all spending and transfer programs are also fixed and do not depend on the state of the economy In such a situation what is the relationship between the full employmont deficit and actual budget defick? O A Full employment budget deficit exceeds actual budget deficit the economy is in a boom. O 8 Full employment budget deficit exceeds actual budget deficit the economy is in a recession c. Actual budget deficit exceeds full employment budget deficit if the economy is in a recession OD. Actual budget deficit is the same as the full employment budget deficit