Which of the following statements is true regarding the government budget?
A) The government's budget has been in deficit since the 1960s.
B) The government's budget has been in deficit since the 1960s except for a brief period since 2012.
C) The government's budget was generally in surplus until the 1980s, then mostly in deficit since except for a brief period between 1998 and 2001.
D) The government's budget was generally in deficit since the 1960s, except for a brief period between 1998 and 2001.
Correct Answer:
Verified
Q1: Which of the following statements characterizes government
Q2: The government has a balanced budget if
A)
Q3: Public investment expenditure for highways, schools, and
Q5: In late 2008, the U.S. government extended
Q6: All of the following are examples of
Q7: Government tax and expenditure policies that affect
Q8: Taxes assessed on firms and employees on
Q9: All of the following are instruments of
Q10: Transfer payments typically
A) rise during expansionary periods.
B)
Q11: State and local tax receipts are dominated
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