Which of the following is TRUE of trends in government expenditures?
A) Expenditures by the federal government have always outpaced those of state and local governments.
B) Much of the increase in government spending can be attributed to increases in prescription benefits, social security, and added regulation.
C) Government spending returned to prewar levels after 1945.
D) Federal spending increased somewhat during the 1950s but declined in the 1960s.
E) Throughout most of the 1980s and 1990s federal spending remained relatively stable at 22 percent of GDP.
Correct Answer:
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