Which one of the following is true with respect to federal budget deficits?
A) The deficit has been the same from year to year.
B) Cuts in spending have not reduced deficits.
C) The federal government has rarely run a budget deficit.
D) Deficits were common in the 1930s, but disappeared with World War II.
E) Deficits have forced the government to borrow heavily.
Correct Answer:
Verified
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