What is the full-employment budget surplus and why might it, Econometrics

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What is the full-employment budget surplus and why might it

What is the full-employment budget surplus, and why might it be a more useful measure than the actual, or unadjusted, budget surplus? The text provides other names for this measure, such as cyclically adjusted surplus and structural surplus. Why might we prefer to use these other terms?

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Econometrics: What is the full-employment budget surplus and why might it

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Econometrics: What is the full-employment budget surplus and why might it

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