What were some of the factors that led to a budget surplus toward the end of the Clinton administration?
A) Increased spending for education led to higher economic growth.
B) The government drastically reduced Social Security payments.
C) Spending on infrastructure such as highways and airports led to higher economic growth.
D) Most discretionary spending was frozen, while taxes increased with higher incomes during the expansion.
Correct Answer:
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Q5: What does the term, "fiscal policy," mean?
A)
Q6: A government budget deficit is defined as
A)
Q7: The basic formula developed in the simplified
Q8: The basic formula developed in the simplified
Q9: A significant political problem hindering the implementation
Q10: The Keynesian model provides no simple fiscal
Q11: The fiscal policy that faces the fewest
Q12: When military spending declines at the conclusion
Q13: During the Clinton years (1993 to 2001),
A)
Q14: The economy went into a recession in
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