Which of the following did not directly contribute to the U.S. budget deficit in 2009?
A) the large US trade deficit with China
B) the U.S. recession in 2007- 2009
C) the large stimulus package in 2009
D) the large expenses associated with the wars in Iraq and Afghanistan
Correct Answer:
Verified
Q52: Which of the following is a federal
Q53: The largest category of discretionary federal spending
Q54: Expansionary fiscal policy shifts the:
A) the short
Q55: Fiscal policy affects aggregate demand because:
A) government
Q56: Which of the following is considered as
Q58: The largest category of federal spending is:
A)
Q59: The Kennedy administration endorsed substantial tax cuts
Q60: Which of the following is a federal
Q61: Federal spending consists of:
A) discretionary and mandatory
Q62: Recall Application 2, "The Confucius Curve?" to
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