Since 1960,the only period of several years when the full-employment government budget deficit was negative (that is,there was a full-employment surplus)was
A)from 2000 to 2005.
B)the late 1990s and early 2000s.
C)the mid-1980s.
D)the early 1970s.

Question

Quizplus · Accepted Answer

The late 1990s and early 2000s were the only period since 1960 when the full- employment government budget deficit was negative. During this period, the US economy experienced a period of sustained growth and job creation, resulting in increased tax revenues and reduced government spending on social welfare programs. As a result, the government was able to generate a surplus of revenue over expenditures, which was used to pay down the national debt.

Since 1960,the Only Period of Several Years When the Full-Employment