a cyclically balanced budget.
an annually balanced budget.
a structural deficit.
a budget that was balanced only at full employment.

the instability of consumption.
declines in the interest rate.
poor governmental management.
the instability of investment.
international trade.

the interest rate.
expectations of profit.
the price level.
saving.

the initial amount invested.

only grows if the budget is in deficit.
is held only by Americans.
is larger in absolute terms but smaller as a share of GDP than ten years ago.
cannot be larger than GDP.
is largely the result of wars.

planned saving and planned investment are equal.
planned saving is equal to either planned investment or actual investment.
the size of the income flow is constant.
planned saving and planned investment are equal, and the size of the income stream is constant.

it is larger than the one for which the current generation is responsible.
it was incurred to put idle resources to work.
borrowing reduced productive investment and future economic growth.
debt holders are wealthier than the average taxpayer.
the future generation is smaller than the present generation.

the same amount.
the same percentage of his or her income.
a larger percentage as his or her income increases.
a larger percentage as his or her income decreases.

labor market equilibrium.
price level.
interest rate.
government.

at full-employment output.
experiencing a recession.
experiencing inflation.
at potential output.
in wartime.

progressive.
regressive.
proportional.
very regressive.
independent of income.