Which of the following is true? The federal government's budget
A) was always in surplus until the 1980s
B) is in deficit now but has been in surplus in most of the past 40 years
C) has been virtually perfectly balanced for the past 5 years
D) deficit has averaged around zero for the last several decades
E) switched from deficits to surpluses in the late 1990s
Correct Answer:
Verified
Q28: Government debt and interest payments on that
Q29: In the long run,
A) large government budget
Q30: When the U.S.government runs a deficit,it usually
Q31: In the long run,
A) higher consumption spending
Q32: Which of the following is true?
A) The
Q34: Under what condition can the U.S.government continue
Q35: In the long run,
A) a larger budget
Q36: What does it mean for the government
Q37: In an expansion,
A) federal budget deficits tend
Q38: Which factors led to the large rise
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