Spending by state and local governments is similar to spending by the federal government in that both
A) help stabilize the aggregate economy.
B) have deficits that rise during recessions.
C) spend most of their budgets on education.
D) None of the above answers are correct.

Question

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The Answer of Spending by state and local governments is similar to spending by the federal government in that both
A) help stabilize the aggregate economy.
B) have deficits that rise during recessions.
C) spend most of their budgets on education.
D) None of the above answers are correct.

Spending by State and Local Governments Is Similar to Spending