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on Nov 30, 2024Verified
Nearly all of the budget deficits we had in the 1980s were
A) under $10 billion.
B) between $100 billion and $200 billion.
C) between $200 billion and $300 billion.
D) over $300 billion.
Budget Deficits
Occurs when a government spends more money than it receives in revenue over a specified period.
Billion
A numerical value represented by 1,000,000,000 or 10^9 in the international system.
- Comprehend the fundamentals of budget deficits and surpluses, along with their ensuing outcomes.
- Distinguish the historical backdrop and tendencies of fiscal policy and national indebtedness.
Verified Answer
MD
Learning Objectives
- Comprehend the fundamentals of budget deficits and surpluses, along with their ensuing outcomes.
- Distinguish the historical backdrop and tendencies of fiscal policy and national indebtedness.
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