Which of the following is true about the federal government budget balance in the United States?
A) The federal budget has never had a surplus.
B) The federal budget had a surplus every year from 1970 to 2008.
C) The federal budget had a surplus from 1998 until 2001.
D) The federal budget had a deficit from 1998 until 2001.
Correct Answer:
Verified
Q27: The high employment deficit is estimated at
Q28: Evidence of "crowding out" in the market
Q29: The largest portion of the net federal
Q30: The debt of state and local governments
Q31: Which of the following can contribute to
Q33: The federal government, its agencies, and the
Q34: What are the advantages and disadvantages of
Q35: A bond that is backed by the
Q36: High-employment deficit or surplus is:
A)an extreme economic
Q37: Government borrowing will:
A)postpone taxation to the future.
B)increase
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