Debt accumulation by the U.S.government in the 1980s:
A)Was small compared with earlier periods of history.
B)Exceeded the debt the country had accumulated over the preceding 200 years.
C)Was caused by war-related expenditures.
D)None of the choices are correct.

Question

Quizplus · Accepted Answer

During the 1980s, the debt accumulation by the U.S. government exceeded the debt the country had accumulated over the preceding 200 years. This was due to a combination of factors including tax cuts, increased military spending, and other government programs. There were also economic challenges faced during this period, such as high inflation and rising interest rates.

Debt Accumulation by the U.S.government in the 1980s