If income tax rates are cut, the size of the budget deficit will necessarily increase

In the above table, which tax plan is progressive?

A) only plan A B) only plan B C) only plan C D) both plan B and plan C

Since 1960, the only period of several years when the full-employment government budget deficit was negative (that is, there was a full-employment surplus) was

A) from 2000 to 2005. B) the late 1990s and early 2000s. C) the mid-1980s. D) the early 1970s.