In 2008 and 2009, the budget deficit increased substantially because of
A)the weak economy.
B)extraordinary spending.
C)reduced tax receipts.
D)all of the above

Question

Quizplus · Accepted Answer

The budget deficit increased substantially in 2008 and 2009 due to a combination of factors, including the weak economy, extraordinary spending related to the financial crisis and stimulus measures, and reduced tax receipts as a result of lower economic activity.

In 2008 and 2009, the Budget Deficit Increased Substantially Because