The tax cuts and entitlement program expansions of the 1980s led to such ________ federal deficits in the 1990s that fiscal policy ________ for smoothing-out business cycle fluctuations.
A)small,again became the preferred tool
B)small,was all but abandoned
C)large,again became the preferred tool
D)large,was all but abandoned

Question

Quizplus · Accepted Answer

The sentence states that the tax cuts and entitlement program expansions of the 1980s led to "large" federal deficits in the 1990s. As a result, it suggests that fiscal policy was "all but abandoned" as a preferred tool for smoothing-out business cycle fluctuations.

The Tax Cuts and Entitlement Program Expansions of the 1980s