The only three time periods in which the upward movement in the debt-to-GDP ratio was not associated with a war were
A) the 1970s during the Carter presidency, the 1990s during the Clinton presidency, and the 1980s during the Reagan and Bush 41 presidencies.
B) the 1940s during the Truman presidency, the 1950s during the Eisenhower presidency, and the 1970s during the Carter presidency.
C) the Great Depression during the 1930s, the 1980s during the Reagan and Bush 41presidencies, and during the Bush 43 presidency.
D) the Great Depression during the 1930ss and the 1940s during the Truman presidency, the 1970s during the Carter presidency.
Correct Answer:
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