Asked by
Jacob Paulishak
on Oct 13, 2024
Verified
From the year 1993 to 1997,the federal budget deficit
A) rose up a little.
B) rose substantially.
C) declined a little.
D) declined substantially.
Federal Budget Deficit
The federal budget deficit occurs when a government's expenditures exceed its revenues within a given fiscal year, leading to borrowing to cover the gap.
Declined Substantially
A phrase indicating a significant decrease or reduction in the quantity, value, or quality of something.
- Analyze how decisions related to fiscal policy influence the national debt and variations in budget deficits or surpluses.
Verified Answer
CC
Learning Objectives
- Analyze how decisions related to fiscal policy influence the national debt and variations in budget deficits or surpluses.