During 1998-2001, as a result of increased taxes and reduced federal spending, the federal surplus _____
A) increased.
B) decreased.
C) turned into a deficit.
D) remained constant.
E) was halved.

Question

Quizplus · Accepted Answer

During 1998-2001, the federal surplus increased as a result of increased taxes and reduced federal spending, contributing to a period of fiscal surplus in the United States.

During 1998-2001, as a Result of Increased Taxes and Reduced