During the late 1980s and early 1990s, most of the budget deficits were accounted for by

Question

Quizplus · Accepted Answer

The deliberate fiscal policy changes made during the late 1980s and early 1990s accounted for most of the budget deficits. This includes both tax cuts and increased government spending. Foreign investment and the downturn in the economy may have also played a role, but deliberate fiscal policy changes were the primary cause.

During the Late 1980s and Early 1990s, Most of the Budget