Asked by
Julia Battaglia
on Oct 13, 2024
Verified
During the fiscal years 1993-1997 the federal budget deficit ___ and the national debt ___.
A) rose;rose
B) fell;fell
C) fell;rose
D) rose;fell
Federal Budget Deficit
The shortfall that occurs when the United States federal government's expenditures exceed its revenues within a fiscal year.
National Debt
The total amount of money that a country's government has borrowed by issuing securities like government bonds.
- Evaluate the effect of fiscal policy choices on the country's debt and the balance between its budget deficits and surpluses.
Verified Answer
MK
Learning Objectives
- Evaluate the effect of fiscal policy choices on the country's debt and the balance between its budget deficits and surpluses.