The Great Recession of 2007-2009 and the financial crisis of 2008 increased the budget deficit because of:
A) an increase in the tax rates for high-income households.
B) a sudden increase in terrorist attacks and anthrax scares in the economy.
C) low interest rates that crowded out private investment.
D) discretionary tax cuts and greater outlays on unemployment benefits.
E) greater outlays on national defense spending.
Correct Answer:
Verified
Q82: Identify the incorrect statement about the U.S.federal
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Q84: _ in the United States relative to
Q85: Which of the following is not a
Q86: The federal budget experienced surpluses from _.
A)1998
Q88: In 2015,the U.S.gross national debt was _.
A)about
Q89: Government spending shrank the most in _
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Q92: The difference between the federal budget deficit
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