Lesson 51 Flashcards
1
Q
National debt
A
the total debt that a nation is in
2
Q
Automatic stabilisers
A
things that the gov. uses to stabilise the economy during booms and busts
3
Q
cyclical budget
A
a budget that changes during the boom and bust cycle of the economy
4
Q
structural budget
A
a budget that is more permanent than an cyclical one and that shows structural issues
