A cyclically adjusted deficit is a fiscal deficit caused by a slowing economy rather than by fiscal policies such as increased discretionary spending or lower tax rates.
The cyclically adjusted price/earnings ratio, commonly known as the CAPE, Shiller P/E, or P/E 10 ratio, is a valuation metric typically applied to the U.S. S&P 500 stock market. It is defined as the inflation-adjusted price divided by the 10-year average return (moving average).
A cyclical adjustment deficit is a fiscal deficit caused by a slowing economy rather than by fiscal policies such as increased discretionary spending or lower tax rates.
A cyclically adjusted budget is the budget that would result if the economy were operating at full employment. A periodically adjusted budget is also known as a full employment budget.
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