A cyclical deficit is the budget deficit that occurs when i. actual output is at potential output. ii. the economy is at​ full-employment output. iii. tax revenues and outlays are not at their​ full-employment levels.

A.iii only.
This is the correct answer.
B. i and iii only.
C. ii only.
D. i and ii only.
E. i only.


A.iii only.