Which of the following terms was often used to describe the teetering finances fo federal, state, and local governments?

Question

Quizplus · Accepted Answer

The term "fiscal cliff" was widely used to describe the situation where a combination of expiring tax cuts and across-the-board government spending cuts were scheduled to become effective at the end of 2012, which could have led to a significant economic downturn.

Which of the Following Terms Was Often Used to Describe