The shift from budget deficits to budget surpluses in 1998 was due to several factors.Which of the following was NOT a factor?
A) A strengthened economy and low inflation rate reduced the rate of increase in entitlement programs
B) The private sector experienced significant economic growth
C) Defense spending on the Persian Gulf War
D) The booming stock market in the 1990s meant higher state and federal revenues from capital gains
Correct Answer:
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A)the
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Q54: The federal budget acts as a component
Q55: Budget deficits after the passage of the
Q56: Economist John Galbraith and Milton Friedman agree
Q57: A rise in the price of goods
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