Which factors led to the large rise in the government's budget deficit in the early 1980s?
A) The Clinton Administration's health care program
B) A cutback in military spending
C) An income tax increase
D) A build up in military spending
E) A large and unprecedented economic expansion.
Correct Answer:
Verified
Q33: Which of the following is true? 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
Q39: In a recession,tax payments tend to increase
Q40: In the long run,large and continuing budget
Q41: Government outlays
A) are the same as "G"
Q42: The national debt must be paid back
Q43: If the national debt is growing no
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