A structural budget deficit
A) appeared during the Vietnam War era from 1966-68.
B) appeared after 1982 due to tax cuts and spending increases.
C) peaked at 5 percent of GDP in mid-1986 and had become a structural surplus by 1997.
D) all of the above.
D
Economics
You might also like to view...
Given the information in the table above, Home's opportunity cost of widgets is
A) 0.5. B) 2.0. C) 6.0. D) 1.5. E) 3.0.
Economics
An increase in the U.S. price level will: a. decrease U.S. exports
b. decrease U.S. imports. c. increase RGDP demanded in the United States. d. both (a) and (c)
Economics