What's the difference between a structural and a passive budget deficit? What contributes to a passive deficit? Use the distinction between passive and structural deficits and surpluses to explain how the surplus in 2000 quickly disappeared during the 2001/2002 recession.

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The Answer of What's the difference between a structural and a passive budget deficit? What contributes to a passive deficit? Use the distinction between passive and structural deficits and surpluses to explain how the surplus in 2000 quickly disappeared during the 2001/2002 recession.

What's the Difference Between a Structural and a Passive Budget