Why does the federal debt tend to increase during periods of recession?
A) Economic activity decreases,which decreases revenues and increases outlays.
B) Economic activity decreases,which decreases revenues and decreases outlays.
C) Economic activity increases,which increases revenues and increases outlays.
D) Economic activity increases,which increases revenues and decreases outlays.
E) Economic activity increases,which decreases revenues and increases outlays.
Correct Answer:
Verified
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