In dollar amounts,the largest federal budget deficits in U.S.history occurred during
A) the Great Depression
B) World War II
C) the Golden Age of fiscal policy
D) the 1970s
E) the 1980s

Question

Quizplus · Accepted Answer

The largest federal budget deficits in U.S. history occurred during the 1980s, primarily due to a combination of increased military spending and tax cuts implemented by the Reagan administration. The annual deficits during this decade exceeded $200 billion and eventually led to calls for fiscal responsibility and deficit reduction measures in the following decade.

In Dollar Amounts,the Largest Federal Budget Deficits in U