Federal budget deficits occurred throughout the 1970's and 1980's but in the late 1990's deficits turned into budget surpluses.

Name: Federal budget deficits occurred throughout the 1970's and 1980's but in the late 1990's deficits turned into budget surpluses.
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Quizplus · Accepted Answer

This statement is true. Federal budget deficits persisted throughout the 1970's and 1980's, but in the late 1990's, the budget turned into surpluses due to a combination of economic growth and fiscal discipline.

Federal Budget Deficits Occurred Throughout the 1970's and 1980's but in the Late