The elimination of the federal budget deficit in the 1990s put downward pressure on real interest rates.

Name: The elimination of the federal budget deficit in the 1990s put downward pressure on real interest rates.
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This statement is true. The elimination of the federal budget deficit in the 1990s resulted in lower government borrowing, which reduced the overall demand for credit and put downward pressure on real interest rates.

The Elimination of the Federal Budget Deficit in the 1990s