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Suppose that the economy is currently at potential​ gdp, and the federal budget is balanced. if the economy moves into​ recession, what will happen to the federal​ budget?

Suppose that the economy is currently at potential​ gdp, and the federal budget is balanced. if the economy moves into​ recession, what will happen to the federal​ budget?
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Suppose that the economy is currently at potential​ gdp, and the federal budget is balanced. if the economy moves into​ recession, what will happen to the federal​ budget?

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User Eli Y
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1 Answer

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There there will be a budget deficit as government expenditures increase and tax revenues decrease.
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User Dtyler
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