Which of the following is TRUE?
A) Neither the federal nor state governments have been able to control deficits for long periods.
B) Both the federal and state governments have been able to control deficits for long periods.
C) Both the federal and state governments have effective balanced budget requirements in place.
D) State governments have been able to control deficits for long periods while the federal government has not.
Correct Answer:
Verified
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