Which politician is credited for the being one of the foundations for the Tea Party?

All of the following about the U.S. deficit is true EXCEPT

a. Running a deficit—bringing in less than is spent—can be beneficial in the short run as it allows the government to borrow money to help stimulate the economy. b. Unlike the national government, most state governments do not have the ability to continually run a large annual deficit. c. The size of the national debt could slow national economic growth because it diverts money that could be spend on private sector activities. d. In 2014, the national government will spend about $230 billion in interest on a national debt that is about $17.5 trillion. e. The term national debt refers to the gap between income and expenditures run by the federal government.

The most significant economic crisis in U.S. history was the ______.

a. Great Depression b. Grand Recessio. c. Dust Bowl d. Stock Market Crash of 1929