Chronic budget deficits can be attributed to:

A) unfunded liabilities.
B) voters wanting government programs but not wanting to pay taxes.
C) inappropriate monetary policy.
D) state budget laws.

Chronic Budget Deficits

Persistent shortfalls in a government's budget where expenditures surpass revenues over an extended period.

Unfunded Liabilities

Financial obligations that do not have enough funds set aside to cover them, often relating to pensions or other long-term commitments.

Monetary Policy

The management of the money supply and interest rates by the central bank to influence economic growth and stability.