Full-employment deficit and actual buget deficit


Suppose all tax collections are fixed (instead of dependent on income) and all spendigand transfer programs are fixed (in the sense that they do not depend n th state of the economy, as, for example, unemployment benefits now do). In this case, would there be any automatic Stabilizers in the government budget? Would there be any distinction between the full-employment deficit and the actual buget deficit? Explain.

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Macroeconomics: Full-employment deficit and actual buget deficit
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